patrick.net

If you have a capital loss from stocks and bonds you can deduct from taxes $3,000 a year.

You overpay during the bubble years, values drops afterwards, and you sell, there is no deduction for loss on sale of residence.

I'll bet this was written by the NAR. More propaganda for the used house sellers to try to earn commissions by convincing people that once again, "Now is a great time to buy a house".

Forbes has become a complete joke. Using kids as a heart-string lever, that's just plain wrong.

From Forbes?????????

link?

Forbes: A magazine peddled to the suckers & rubes.

They want you to think reading it will make you peasants and middle class rich, no it's a mouthpiece FOR the rich. The underlying agenda is how you can better serve them.

Considering who most of the advertisers in those kinda magazines are, the whole concept of buying for that magazine is ridiculous. Instead, they should PAY people like us to look at it.

Realtors never mention the hassle of maintenance, which ballparks at 1% over the long haul according to some general contractors.
A/C, roofing. furnaces, termites, plumbing issues are all costly upkeep.

sorry, i don't have a link. it is from page 72 of the Special Issue - 2011 edition. And Sybrib - I agree that we should be paid to read these ads. The only reason I have Forbes is because I got it as a Christmas present, but I should probably stop reading it so it does not poison my mind.

Has anyone else noticed that on forbes.com "Real Estate" is located in the "Investment" category rather than in "Lifestyle"?

Forbes had an article asking of Enron was overpriced at 70
http://money.cnn.com/2006/01/13/news/companies/enronoriginal_fortune/index.htm

Most magazines aren't worth the paper they are on because of the consolidation over the past 20 years. I like the Atlantic but beyond that I'll stick to websites.

Most sites at least allow feedback..it can be months before letters are printed.

I, too, once received Forbes as a Christmas "present". After the second issue, I literally went to putting them in the trash straight out of my mail box. Not only is this publication uninformative and misinformative, but also the writing style and tone of the magazine is drier than barn paint. At least CNBC has the manners to mask the flavor of their insubstantiality with loads of sugar and sodium.

Forbes magazine only exists to push the agenda of the forbes family. It's great for lining bird cages however.

Poor people tend to have nothing because that's the exact advice they listen to that article brought up. Poor chaps tie up all their money in a wooden box, for which they pay 30 year toll to the bank plus expenses and than wake up one day realizing their life amounts to nothing.

I bet Forbes family and others would go ape shit if all of a sudden the poor rised up and started opening up competitive businesses instead of wasting their money.

PRIME says

If you put the same capital into a home you will get a dividend in the form of living space - and this dividend is tax free.” (then goes to discuss capital gains exemption for real estate and not stocks)

No, if you put the same capital into a home, you pay 3X interest instead of 1X taxes. That's some genius finance there!