View Single Post
Old 01-04-2013, 01:14 PM   #114
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Austin, TX
Casino cash: $1014442
Quote:
Originally Posted by CLX View Post
That was a whole batch of no proof to the contrary. Shoot holes in my comments. Tell me about the house you bought for 1/2 it's value or the house you sold and recouped all of the money you had in it.
OK

Quote:
Originally Posted by CLX View Post
The housing recovery is smoke and mirrors. [Wrong, as a number of articles in this thread support, the recovery has been sustained and is picking up steam and projected to continue, even feeding back into the labor market now with construction employment up 3% in today's report] How many people are holding mortgages on houses they can't sell because their value has dropped to 50% or lower than when they bought them? [Certainly less than a year ago]

I doubt that a full recovery for real estate will be achieved in 2013. With the change in taxes there will be less dollars to spend for a home. The Bush era tax cuts were extended for those below $400,000 - $450,000 [Thus effecting less than 2% of the population, not going to dent the housing market.]but the taxes will not stay at the same level for those under the figure used. Not only will there be more income taxes deducted from your pay [Wrong. You are thinking of payroll taxes, not income taxes] but there will be added taxes taken for the Affordable Health Care Act. [Mostly wrong, most were already in place]

The fiscal cliff was avoided at a cost of the debt ceiling being raised another $4 trillion over the next few years.[VERY wrong] Borrowing money that will never be paid back [Wrong!] is still wrong and will always be wrong.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,518
FD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby PiscitelliFD 's adopt a chief was Sabby Piscitelli
  Reply With Quote