This Is A Big Fucking Deal

[Denny Crane]

Not sure how that proves your point but it sounds like your mortgage broker made a killing off you.

Real Estate in Oregon has increased in value roughly 6% per year on average, ever since records were kept in the early 1900's. Despite the smoke and mirrors caused by Bush/Cheney economics that caused the bubble and collapse, we're still right at that mark in the long run.

Real estate in Oregon is, and always will be, a safe longterm investment.

As for the Bay area, it's great that Reagan had ruined the economy so badly that you could steal that home for a song. I made a similar killing in Milwaukie in late 1983 and locked in at 8% just before the rates went through the roof again, back into the teens. It took Clinton nearly 3 years in office before I could re-fi at a lower rate.

Sounds like my broker wouldn't have made $.01 from me if Carter were elected another term. Interest rates might have hit 30%.

 

[barfo]

Sounds like my broker wouldn't have made $.01 from me if Carter were elected another term. Interest rates might have hit 30%.

Because, as we all know, the president decides the interest rate. That's why rates are super-low right now, right? It's all due to Obama. Obama is the anti-Carter.

Or.... maybe it is more complex than that?

barfo

 

[Denny Crane]

Because, as we all know, the president decides the interest rate. That's why rates are super-low right now, right? It's all due to Obama. Obama is the anti-Carter.

Or.... maybe it is more complex than that?

barfo

The president doesn't directly decide the interest rates but he does have a huge influence on them. If the govt. runs up big debts, the Fed tries to keep the interest rates on their T-Bills low so the payments don't hurt so much.

 

[maxiep]

No. To pretty much all of that. It's a bedtime story authored by the Republican Party.

We sold 2 homes we had in LO over the last 3 years, and everyone told us we would get reamed by the capital gains tax. Didn't happen. Paid nothing at all. Nada. Nor has any client of mine ever mentioned having to pay.

Since I didn't pay, I didn't care enough to learn the legaleeze, but I've been told that (maybe true, maybe not) the feds exempt your first million dollars of gains on a residence, then tax the amount of profit over 1 mil.

Oregon is even kinder. They exempt your first 2 mil before they tax anything.

Obviously it's different on 2nd homes, rentals, business properties...as they are treated more like other investments such as stocks and bonds. But there are a number of ways to defer or avoid taxes there through trusts, endowments and 1031 exchanges.

Capital gains taxes only affect the uber-wealthy, and they can certainly afford it.

As for the landlord scenario, as you point out he's been escaping taxes for years by claiming depreciation which didn't really happen, so he owes and should pay. Lucky he doesn't pay extra for evading taxes all those years. No way we should have to supplement his business at our expense.

This post shows me you don't even understand how the Medicare payroll tax will work on sold properties. The good thing is, in your line of business, you're going to have to learn whether you like it or not.

 

[PHXBlazer1]

This post shows me you don't even understand how the Medicare payroll tax will work on sold properties. The good thing is, in your line of business, you're going to have to learn whether you like it or not.

Dude, teach me. I wish to know everything.

 

[MrJayremmie]

Name a poor person who doesn't receive health care? It's a myth.

Don't 45,000 people die per year in our country due to lack of health care coverage?

 

[Rastapopoulos]

Don't 45,000 people die per year in our country due to lack of health care coverage?

But isn't God welcoming them home to his heavenly kingdom? And aren't they therefore better off? Better off than they will be under OBAMACARE!!!!????

 

[maxiep]

Don't 45,000 people die per year in our country due to lack of health care coverage?

Well, if you believe the talking points of the Left it's true. I'm pretty sure that's a "Jobs Created And/Or Saved" kind of statistic--meaning one pulled out of thin air.

Funny, no stats ever seem to be compiled in countries with socialized medicine at how many people die because they weren't given timely health care or procedures/care/medication that may have saved their lives because some bureaucrat decided those resources were better used on someone else.

 

[barfo]

Well, if you believe the talking points of the Left it's true. I'm pretty sure that's a "Jobs Created And/Or Saved" kind of statistic--meaning one pulled out of thin air.

Here's the source, apparently. Not sure how valid the study is, or whether the AJPH is peer-reviewed, just heard of it for the first time myself.

Research released this week in the American Journal of Public Health estimates that 45,000 deaths per year in the United States are associated with the lack of health insurance. If a person is uninsured, "it means you're at mortal risk," said one of the authors, Dr. David Himmelstein, an associate professor of medicine at Harvard Medical School.

The researchers examined government health surveys from more than 9,000 people aged 17 to 64, taken from 1986-1994, and then followed up through 2000. They determined that the uninsured have a 40 percent higher risk of death than those with private health insurance as a result of being unable to obtain necessary medical care. The researchers then extrapolated the results to census data from 2005 and calculated there were 44,789 deaths associated with lack of health insurance.

barfo

 

[Denny Crane]

Research done by Barfo's Chili Institute says 46,000 people die from not eating Chili.

 

[barfo]

Research done by Barfo's Chili Institute says 46,000 people die from not eating Chili.

Yes, but that's hourly, not annually.

The horror, the horror.

barfo

 

[barfo]

Here's a link to the actual journal article. I haven't read it (yet?).

http://pnhp.org/excessdeaths/health-insurance-and-mortality-in-US-adults.pdf

barfo

 

[bodyman5001]

I am kinda getting excited about Obama being President. I am hoping that things go in my favor.

My sister is a nurse and my brother works in a hospital lab or some shit like that. SO, I will have a hookup in the medical field, oh yeah, my mom is a medical transcriptionist. That can't hurt until they computerize her job completely.

Anyway, when the SHTF as they say, if I can just keep my new house which I love and have access to plenty of blurays and decent food then I will be set when Obama wipes out all of my debt. Screw those nasty mortgage companies right?


What I mean is that I should have free healthcare and as long as I plan ahead 8-12 months to get a test done that I don't need NOW but might later I should be able to live a happy debt free life. All I need to do until then is hoard tons of food that will last me for a long long time.

Plus, if my healthcare keeps me alive, soon I will be a minority and then I will have a leg up getting that govt handout. Yeah bitches.

All I have to do between now and then is document how I have changed my way of thinking, I don't want people to remember me for having my own opinions. I will need to accept the things I am taught by my masters and life will be good. Can't hardly wait. I am a bit worried about the future and how technology might one day be able to read my mind. Until then, I am going to keep on keeping on.

 

[Denny Crane]

Yes, but that's hourly, not annually.

The horror, the horror.

barfo

Maybe Barfo's Chili has a vested interest in the results of the study.

 

[EL PRESIDENTE]

If you're in IT, get into e-medical records now! money money money mang!