A question for you, Red, about mortgage deductions

Hanna
Posts: 2735
Joined: Sun Oct 15, 2006 8:11 pm

A question for you, Red, about mortgage deductions

Postby Hanna » Thu Nov 08, 2012 12:43 pm

These deductions are pretty much in the crosshairs of many lawmakers.

If these are eliminated, what effect will they have on the housing industry that is showing vigor and growth?



Red
Posts: 17717
Joined: Wed Nov 28, 2007 4:33 pm

Re: A question for you, Red, about mortgage deductions

Postby Red » Fri Nov 09, 2012 10:29 am

It would have a very negative effect on the market. Having said that, what is even worse than that, the democrats holding a super majority in the State senate. All the tax propositions were a big waste of money. They now can raise taxes every month now. Here is a lovely scenario:

Hey governor, this is johnny goonba, president of the goonba union! Our retirement account is $5 BILLION dollar underfunded! How are we going to get the money? No worries, we will raise taxes for $6 Billion. $5 Billion for you and $1 Billion to buy more votes.
Liberalism is like an out-of-control 5 year old at McDonalds. All the talking to and admonishment won't make a difference. They have no concept of right or wrong, they are nothing more than narcissists.

Red
Posts: 17717
Joined: Wed Nov 28, 2007 4:33 pm

Re: A question for you, Red, about mortgage deductions

Postby Red » Fri Nov 09, 2012 10:32 am

BTW Hanna,

I'm guessing you are a senior citizen. Am I right? What you and your friends should be more worried about is moonbeam and his union buddies decides to do away with Prop 13 To feed their spending habits. California is in major debt! They are coming after you!
Liberalism is like an out-of-control 5 year old at McDonalds. All the talking to and admonishment won't make a difference. They have no concept of right or wrong, they are nothing more than narcissists.

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