by Patrick ➕follow (60) 💰tip ignore
« First « Previous Comments 37,115 - 37,154 of 117,730 Next » Last » Search these comments
ource?
Kemp Roth cut Capital gains rates from 28% to 20%. The Tax Reform Act of 1986 eliminated a special capital gains rate, essentially raising capital gains rates to 28% in line with the max income rates
Singapore has zero capital gains taxes. Singapore has unemployment rate of 2.1%.
Singapore has zero capital gains taxes. Singapore has unemployment rate of 2.1%.
#snort
Singapore is about as special and self-selected a population as there could ever be. Maybe Lichtenstein or Monte Carlo, too. If that's what you think is comparable to the US economy, then you get the income inequality you deserve.
I think I'll write a Rap song & title it - Pump Up The Hype
Speaking of delusions,I thought I could learn something from the comments. Fool me twice ,shame on me. rofl
I think I'll write a Rap song & title it - Pump Up The Hype
you mean your going to rip off the original artist...
Instead of patting yourself on the back, who don't you put aside your delusions of grandeur for a moment and answer my question.
Do you or do you not support an increase in rental income taxes?
Why aren't you on the phone with your representatives trying to increase the tax rate on rental income?
rental income is separately taxed in almost every city,
no its not.. no such thing as rental income taxes levied by cities or counties.
This shit is not about Demo and Repub. There are elitist greedy control freak piles of crap working on both sides of the aisle. Get that through all of your F'ing heads. They have succeeded in the division aspect of divide and conquer, we need to unify to break the brainwashing that has taken place. Stop with the Demo / Repub blame game shit and talk about the issues and how we can work to fix them.....
I thought I could learn something from the comments.
What???? The comments are the best part of the articles!!!!
Yes,but I'm still dumb.
I'm not talking about practicing law.
I'm talking about slumlording.
And answer my original question if you want anyone to stop branding you as a hypocrite.
if it is down, why is the august 2013 number higher than the august 2012
number on your graph?
Hey,hey.........I wandered how long that it would be before some of the usual (self-professed)"economic" hacks would try and pull some revelation of the economy by using the witholding taxes. I was figuring that it would be Mush, but 0-sense isn't surprising.
It's all up to Uncle Ben. More money printing = higher asset prices, and visa versa.
As far as I can tell there are no true "bubbles" right now. Other than the bubble in calling everything a bubble.
Ok, maybe Tesla stock. But even there, there's little public enthusiasm or media hype....yet.
I do think stocks are overvalued (on average) based on long-term historical data from Case-Shiller.
http://www.multpl.com/shiller-pe/
But overvalued doesn't mean a bubble.
The weekly swings in application activity are essentially useless. In a prior week there could have been a three-day holiday or no holiday, there could have been a big storm the impacted a large part of the country or there could have been a political event that short-term set people on edge.
The report that showed a 13.5 percent decrease in weekly applications was also up 7 percent from a year ago.
http://mortgagebankers.org/NewsandMedia/PressCenter/85639.htm
Peter
OurBroker.com
Housing isn't supposed to "recover" to bubble levels. Housing should track inflation, on average.
Good to see the East Coast people are awake. The CA folks won't be up for another 3 hours. ;-)
He expects bubble prices, and MORE!!
Where did he say that? He expects prices (where he lives) to go up, but not necessarily to "bubble" levels.
CA real-estate has always been crazy because of the nice climate and strict land-use laws (inelastic supply, which causes big price swings for relatively small changes in demand).
It depends on how hung over they are!!
I always get wasted on Wednesday nights! ;-)
Here is a hint: how widespread a belief is held is NO INDICATION of how true it is.
Except in economics.
http://www.theonion.com/articles/us-economy-grinds-to-halt-as-nation-realizes-money,2912/
The payroll tax increased by 2% January 1 2013 and additional medicare tax plus there other increases up to 3.8% on investment income (don't exactly know where this would show up). You would expect to see the treasury withholding tax volume increase based just on changes in the tax rate. The data that needs to be teased out is the amount of the increase that is from rate increases and what percentage is from job growth. The reality is probably worse than what the graph illustrates.
Always beware of "financial gurus" who claim to know the future.
The unknown is scary. I want to be told "the truth" too. That's why pundits, televangelists, and the Catholic Church make so much money.
I woke up early with a whiff of impending housing collapse in the Cali air.
Housing isn't supposed to "recover" to bubble levels. Housing should track inflation, on average.
Yes, once it returns to natural trendline!
As far as I can tell there are no true "bubbles" right now. Other than the bubble in calling everything a bubble.
There's a bull denial bubble.
How can something most people can't afford be "too cheap"?
How can something most people can't afford be "too cheap"?
It isn't. It is very expensive. But if you have been brainwashed that taking on debt for 30 years is hip & acceptable in order to own your personal shack, you'd think this is a bargain as well. In a debt-driven society a 30 yr mortgage doesn't look that bad. If people would start trying to avoid debt, esp. long-term debt, the housing market would crash very fast. But that's no going to happen until sentiment towards debt changes or rates explode.
I'm going to go put an offer on a house at 50% over asking because it is too cheap at the current price. I don't like cheap things.
I'm paying $1700 month for a two bedroom when I could buy a "too cheap" 2 bedroom here for 600k and pay a "fair" price instead. Why am I so greedy?
I'm going to go put an offer on a house at 50% over asking because it is too cheap at the current price. I don't like cheap things.
Hehe. Even worse, agents will tell you that you should not "offend" the seller by making lowish offers. We had a lot of fun back in the days leading to the bubble to routinely bid 25%-50% below asking and having agents go apeshit.
A little cut and paste from housing bubble blog
A little more advice and analysis from the RE “experts†for your enjoyment…
“Stock prices have reached what looks like a permanently high plateau.â€
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929
“Home sales are coming down from the mountain peak, but they will level out at a high plateau — a plateau that is higher than previous peaks in the housing cycle.â€
- David Lereah, Chief Economist, National Association of Realtors
“It’s impossible for prices to go down this year.â€
- Gary Watts, Spokesman Orange Country Association of Realtors
“I don’t worry about new home sales,â€
- James Glassman, JP Morgan Chase Economist
“If you own your own home free and clear, people will often refer to you as a fool. All that money sitting there, doing nothing.â€
- Anthony Hsieh, CEO Lending Tree
“I think investors will have a good reason to come out here and buy again.â€
- Jeromith Sutton, 2006, NAR Investment Advisor
“…housing activity will remain healthy for some time to come.â€
- David Lereah, NAR’s chief economist, October 28, 2005
“There is no bubble to burst,â€
- Jim Folkman, VP of the Home Builders Association of Central New Mexico
“I’d say this is another very important signal that the economic soft patch we were all worried about is pretty much confined to Marchâ€
- David Seiders, Chief Economist, National Association of Home Builders
“The idea that we’re going to see a collapse in the housing market seems to me improbableâ€
- John Snow, Secretary of the Treasury
“People who talk about a bubble are blowing smoke,â€
- Michael Carney, Real Estate Economist
California State Polytechnic University Pomona.
Thursday, February 10, 2005
yep, housing seems to be lulling. Enjoy the lull, because it will not crash.
the oracle has spoken, heed the advice or become like Iwag and the Losh!
Yes, buy the "lull". It only goes up from here. Peoples gots more jobs wif more monies now.
As usual, you contribute nothing to this site, and just post ridiculous insults.
the oracle can see it really burns you up being so wrong, but rather than learning from those wiser than you, those who make money by understanding the market, you continue to be a bitter loser. how sad to be you!
what could i learn from Roberto A Ribas who lives with room mates to pay his mortgage in one of the cheapest housing markets in the USA? hahaha
isnt that like a 500 pound man trying to teach people how to be skinny?
housing seems to be lulling
Yes, I must indubitably agree ....housing has been coerced into a morbidly stagnant mode!
Oh WHAT a magnificent QUANDARY this impending situation has FOREBODE!
Are you sad that there won't be a war???
Yes! What will happen to our economy without another war to keep (what remains of) our industry humming?
or rates explode
Uncle Ben won't let that happen. Too many of his friends would lose money.
“Stock prices have reached what looks like a permanently high plateau.â€
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929
This is worth quoting just so it appears twice. I would like to start compiling quotes and charts from 1920s and comparing them to today. But my job keeps getting in the way.
egads 101 says,
"you guys are a joke!"-" just post ridiculous insults."
We jokers know a Trolling Clown when we read their comments.
If we are buying houses,
Urged on by frantic spouses,
But rates rise high to usury,
As wages drop to penury,
How then can we the sheep afford,
To change the sign from "Sale" to "Sold?"
And if we sweat and strive so long,
To get that fifth of price so strong,
But price that was no longer is!
We must compete with Wall Street wiz,
To change our plight to own from lease,
We sell our children's future cheap,
And reap a mortgage, not a home,
Unless we pay the rent we owe,
To banker now, and tax assessed,
On these hard stones our future rests.
So tell me then, Oracle fair,
What Fates are ours to buy or share?
« First « Previous Comments 37,115 - 37,154 of 117,730 Next » Last » Search these comments
patrick.net
An Antidote to Corporate Media
1,237,052 comments by 14,794 users - Ceffer, DemocratsAreTotallyFucked, socal2, yoddaa online now