maybe if we're lucky, California will just fall off in the ocean

(12-21-2017 12:17 PM)stinkfist Wrote:  

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts. Property taxes in California are one third of those in Texas.

The rich aren't impacted one way or another by this. They have enough money to spend what they want anyway.

Who this hurts are people that need to borrow to afford that SF house or that beach house in Destin (watch out for that - which will probably be a far greater impact).

You know, most houses at the upper end are cash sales anyway.

It basically makes it harder for the unrich to become rich.

you're missing the point son....it's about where revenues are going to be recovered moving forward and how a pinch on their arse turns the uber rich warlords into whiny little biatches....

that's what's pissin' off dems that do everything possible to squash growth for the capable working class.....

you ain' bright sun......

Never mind, I was talking policy, you were just trolling. Got it.

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts.

So they were able to pay their fair share before, but just didnt.

Quote:Property taxes in California are one third of those in Texas.

Taxes are one thing. Valuations are another. It takes two to tango.

Quote:Who this hurts are people that need to borrow to afford that SF house

It doesnt affect those people unless they need to borrow more than$750,000 for their working/middle class bungalow.

Quote:or that beach house in Destin (watch out for that - which will probably be a far greater impact).

yea, lets not pass comprehensive tax cuts for the middle class because those poor people purchasing a second beach house on the Florida coast wont be able to deduct as much mortgage interest on their federal return.

(12-21-2017 12:22 PM)UofMstateU Wrote:  

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts.

So they were able to pay their fair share before, but just didnt.

Quote:Property taxes in California are one third of those in Texas.

Taxes are one thing. Valuations are another. It takes two to tango.

Quote:Who this hurts are people that need to borrow to afford that SF house

It doesnt affect those people unless they need to borrow more than$750,000 for their working/middle class bungalow.

Quote:or that beach house in Destin (watch out for that - which will probably be a far greater impact).

yea, lets not pass comprehensive tax cuts for the middle class because those poor people purchasing a second beach house on the Florida coast wont be able to deduct as much mortgage interest on their federal return.

LOL. Comprehensive tax cuts for the middle class?

Calling this a middle class tax cut plan is kind of like calling Fruit Loops a healthy breakfast because in addition to 99% junk, it has 1% of dietary fiber recommendations. Sure, some middle class taxpayers get a tiny tax cut, which will be eaten up if they have kids in college, take care of an elderly relative, teach in school, live in an expensive area, or need healthcare.

(12-21-2017 12:19 PM)Tom in Lazybrook Wrote:  

(12-21-2017 12:17 PM)stinkfist Wrote:  

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts. Property taxes in California are one third of those in Texas.

The rich aren't impacted one way or another by this. They have enough money to spend what they want anyway.

Who this hurts are people that need to borrow to afford that SF house or that beach house in Destin (watch out for that - which will probably be a far greater impact).

You know, most houses at the upper end are cash sales anyway.

It basically makes it harder for the unrich to become rich.

you're missing the point son....it's about where revenues are going to be recovered moving forward and how a pinch on their arse turns the uber rich warlords into whiny little biatches....

that's what's pissin' off dems that do everything possible to squash growth for the capable working class.....

you ain' bright sun......

Never mind, I was talking policy, you were just trolling. Got it.

no sir.....that's not MY GAME.....

if you don't understand why the dems are wallowing in their land of hypocrisy, you simply don't understand the game.....

I'm on record the right will do what is req'd to take care of the elderly and incapable.....we simply attempt to choose a better method than relying upon a socialist monarchy via gouging the ones the actually perform the work....

I still have fingers crossed DJT's strategy works out long term......I have zero complaints to date.....

that's your problem now.....

(12-21-2017 12:24 PM)Tom in Lazybrook Wrote:  

(12-21-2017 12:22 PM)UofMstateU Wrote:  

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts.

So they were able to pay their fair share before, but just didnt.

Quote:Property taxes in California are one third of those in Texas.

Taxes are one thing. Valuations are another. It takes two to tango.

Quote:Who this hurts are people that need to borrow to afford that SF house

It doesnt affect those people unless they need to borrow more than$750,000 for their working/middle class bungalow.

Quote:or that beach house in Destin (watch out for that - which will probably be a far greater impact).

yea, lets not pass comprehensive tax cuts for the middle class because those poor people purchasing a second beach house on the Florida coast wont be able to deduct as much mortgage interest on their federal return.

LOL. Comprehensive tax cuts for the middle class?

Calling this a middle class tax cut plan is kind of like calling Fruit Loops a healthy breakfast because in addition to 99% junk, it has 1% of dietary fiber recommendations. Sure, some middle class taxpayers get a tiny tax cut, which will be eaten up if they have kids in college, take care of an elderly relative, teach in school, live in an expensive area, or need healthcare.

perhaps you can do a better job than Manchin did of describing the junk, and how this bill isnt a comprehensive middle class tax cut.

...

I hate to see anybody face a financial hardship but this is just a correction.

(12-21-2017 12:30 PM)HeartOfDixie Wrote:  ...

I hate to see anybody face a financial hardship but this is just a correction.

they are the main reason for the latest version of the ponzi scheme that become the housing collapse.....

I have zero sympathy for those that wave any wand that limits real growth via capitalism.....

that applies to either side of the aisle.....

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts. Property taxes in California are one third of those in Texas.

The rich aren't impacted one way or another by this. They have enough money to spend what they want anyway.

Who this hurts are people that need to borrow to afford that SF house or that beach house in Destin (watch out for that - which will probably be a far greater impact).

You know, most houses at the upper end are cash sales anyway.

It basically makes it harder for the unrich to become rich.

You think a cap RE tax deduction will make wealthy people pay off their mortgage, when they can borrow at 4%? It makes much more sense to have 1.5 Million or 3 million invested in the market as opposed to using that cash to pay off the mortgage.

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts. Property taxes in California are one third of those in Texas.

The rich aren't impacted one way or another by this. They have enough money to spend what they want anyway.

Who this hurts are people that need to borrow to afford that SF house or that beach house in Destin (watch out for that - which will probably be a far greater impact).

You know, most houses at the upper end are cash sales anyway.

It basically makes it harder for the unrich to become rich.

They aren't mostly cash sales. But the point is still that if they are buying a house in that price range, they probably have plenty to put down and can probably get the mortgage down to 750k.

(12-21-2017 12:22 PM)UofMstateU Wrote:  

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts.

So they were able to pay their fair share before, but just didnt.

Quote:Property taxes in California are one third of those in Texas.

Taxes are one thing. Valuations are another. It takes two to tango.

Quote:Who this hurts are people that need to borrow to afford that SF house

It doesnt affect those people unless they need to borrow more than$750,000 for their working/middle class bungalow.

Quote:or that beach house in Destin (watch out for that - which will probably be a far greater impact).

yea, lets not pass comprehensive tax cuts for the middle class because those poor people purchasing a second beach house on the Florida coast wont be able to deduct as much mortgage interest on their federal return.

And the 10k limit is for income taxes as well as property taxes. Since Texas has no income taxes AND has lower home prices, it won't be impacted the way California will be.

As for us, our itemized taxes nearly all got wiped out last year by the AMT, so we got very little benefit anyway.

(12-21-2017 01:18 PM)bullet Wrote:  

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts. Property taxes in California are one third of those in Texas.

The rich aren't impacted one way or another by this. They have enough money to spend what they want anyway.

Who this hurts are people that need to borrow to afford that SF house or that beach house in Destin (watch out for that - which will probably be a far greater impact).

You know, most houses at the upper end are cash sales anyway.

It basically makes it harder for the unrich to become rich.

They aren't mostly cash sales. But the point is still that if they are buying a house in that price range, they probably have plenty to put down and can probably get the mortgage down to 750k.

both you and superfly get the how it impacts current valuation.....

it has nothing to do with making the 'rich, unrich' .... that's just lazy from ol' tommy boy...... it's about how housing valuation will level out in certain arenas where they've been piggy backing off the working class to subsidize that lifestyle....

it's not about the pain they'll endure.....it's about how they will fund where others are over burdened.....

#warlordreduction

one would think a true liberal would understand that concept.....

It’s an educated part of the country the respects education and the value of it. You won’t find too many Billy Bob Baptist colleges teaching creationism in these areas. Remember this day when D’s get back in charge. You guys have taken Patti sa ship to a whole mother level. Investigating the Clinton’s. Politicizing the FBI. Just wait for the colonoscopy to come for GOP donors when this is over. We remember.

The north remembers

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

Democrats speak with forked tongue

Ok Frito MachPie....

(12-21-2017 01:34 PM)Machiavelli Wrote:  It’s an educated part of the country the respects education and the value of it. You won’t find too many Billy Bob Baptist colleges teaching creationism in these areas. Remember this day when D’s get back in charge. You guys have taken Patti sa ship to a whole mother level. Investigating the Clinton’s. Politicizing the FBI. Just wait for the colonoscopy to come for GOP donors when this is over. We remember.

Is that supposed to scare conservatives? If so, nobody over here cares. You're irrelevant and so is your party. Get back in your Prius and find a tree to hug.

I call them Pen!$ cars.

(12-21-2017 12:29 PM)UofMstateU Wrote:  perhaps you can do a better job than Manchin did of describing the junk, and how this bill isnt a comprehensive middle class tax cut.

Silly guy, it's not comprehensive because it also helps corporations and people who make more than the middle class.

(12-21-2017 12:29 PM)UofMstateU Wrote:  

(12-21-2017 12:24 PM)Tom in Lazybrook Wrote:  

(12-21-2017 12:22 PM)UofMstateU Wrote:  

(12-21-2017 11:55 AM)Tom in Lazybrook Wrote:  

(12-21-2017 08:02 AM)Chappy Wrote:  Wow, what I take away from that is 20% of the homes in San Fran are more than $1.7 million! But why are the democrats coming to the defense of a bunch of millionaires? They told them they weren't paying their fair share during the election.

That, and property taxes are entirely too high in NY/NJ.

SF's wealthy will simply just pay off their mortgages from their investment accounts.

So they were able to pay their fair share before, but just didnt.

Quote:Property taxes in California are one third of those in Texas.

Taxes are one thing. Valuations are another. It takes two to tango.

Quote:Who this hurts are people that need to borrow to afford that SF house

It doesnt affect those people unless they need to borrow more than$750,000 for their working/middle class bungalow.

Quote:or that beach house in Destin (watch out for that - which will probably be a far greater impact).

yea, lets not pass comprehensive tax cuts for the middle class because those poor people purchasing a second beach house on the Florida coast wont be able to deduct as much mortgage interest on their federal return.

LOL. Comprehensive tax cuts for the middle class?

Calling this a middle class tax cut plan is kind of like calling Fruit Loops a healthy breakfast because in addition to 99% junk, it has 1% of dietary fiber recommendations. Sure, some middle class taxpayers get a tiny tax cut, which will be eaten up if they have kids in college, take care of an elderly relative, teach in school, live in an expensive area, or need healthcare.

perhaps you can do a better job than Manchin did of describing the junk, and how this bill isnt a comprehensive middle class tax cut.

or maybe not......