Question on Tax Reform.

Discussion in 'Politics' started by Concrete Helmet, Dec 2, 2017.

  1. Concrete Helmet

    Concrete Helmet Hook, Line, and Sinker
    Lifetime Member

    Joined:
    Jul 29, 2014
    Messages:
    7,440
    Oxbucks:
    $181
    Ratings:
    +4,467 / -87
    Wrong....regardless of the mortgage deduction(which isn't off the table btw) 80% of all working Americans greatest investment is their homestead real property......If interest rates stay stable there is NO WAY homeownership drops...It almost can't because of the historic low under Obummer....There literally aren't enough houses available in most markets today...I close over 200 purchase/refinances every month and the refi's keep taking up a larger percentage of that every month....there are not enough median income houses(150K-350k) in the market....The building will soon begin again, hopefully at a moderate pace.
     
  2. bradgator2

    bradgator2 1/29/17 half marathon - 1 hour, 34 min, 2 secs
    Lifetime Member

    Joined:
    Jun 12, 2014
    Messages:
    4,599
    Oxbucks:
    $420
    Ratings:
    +6,498 / -42
    Damn. I wish for me too.
     
  3. Concrete Helmet

    Concrete Helmet Hook, Line, and Sinker
    Lifetime Member

    Joined:
    Jul 29, 2014
    Messages:
    7,440
    Oxbucks:
    $181
    Ratings:
    +4,467 / -87
    Looks like you're trying to spread the icing out too.....:lol:
     
  4. Detroitgator

    Detroitgator General Factotum
    Lifetime Member

    Joined:
    Jul 15, 2014
    Messages:
    9,587
    Oxbucks:
    $148
    Ratings:
    +6,697 / -9
    Yeah, it normally wouldn’t be a problem, but all four of these have a 30% up front payment upon award which means realized this year.

    By the way, this isn’t a done deal yet.​
     
  5. Traumagirl

    Traumagirl Taken

    Joined:
    Jul 18, 2016
    Messages:
    923
    Oxbucks:
    $47
    Ratings:
    +208 / -10
    I am not saying it will or won't I am saying whatever happens it will not be due to this tax bill.
     
  6. Concrete Helmet

    Concrete Helmet Hook, Line, and Sinker
    Lifetime Member

    Joined:
    Jul 29, 2014
    Messages:
    7,440
    Oxbucks:
    $181
    Ratings:
    +4,467 / -87
    The tax bill will absolutely have an impact on it because it will directly affect wages and should by all accounts support job growth. Too many people look at this reform and think "oh, the middle class are only getting a certain amount of money back or off their tax bill".....That's not what it's about....it's about recreating a middle class again....The interest deduction cut you spoke of is only for mortgages over $500K and is only a kick in the ass to the rich(at least the last I read it)....middle class(50-200k household income earners) have no business buying 500K & up houses unless they have 30-40% downstroke, and they will still receive the write off benefits.
     
  7. Lake Gator

    Lake Gator Money talks, Coaches walk.
    Supporting Member

    Joined:
    Feb 13, 2016
    Messages:
    1,917
    Oxbucks:
    $38
    Ratings:
    +1,875 / -20
    Hopefully lowering the corporate rate won't be delayed a year as in the Senate version. Unintended consequence would be a 2018 slowdown or recession. Then Dems control Congress and enjoy economic resurgence in 2019.
     
  8. Concrete Helmet

    Concrete Helmet Hook, Line, and Sinker
    Lifetime Member

    Joined:
    Jul 29, 2014
    Messages:
    7,440
    Oxbucks:
    $181
    Ratings:
    +4,467 / -87
    Hopefully the House doesn't throw any other stupid ideas into the pot when they get their hands on it....We'll see next week I guess.
     

Share This Page

Chat

Help

You don't have the necessary permissions to use the chat.

  1. There are currently no users chatting.
  • About Us

    Our community sprung up when the Gatorsports message board was shut down in the summer of 2014. We pride ourselves on offering Gator-biased, yet critical discussion among people of all different backgrounds. We are working every day to make sure our community is the best Gator message board you will find.
  • Quick Navigation

  • Buy us a Zima!

    The management works very hard to make sure the community is running the best software, best designs, and all the other bells and whistles. Care to buy us a non-alcoholic Zima? We'd really appreciate it! Just click the "Donate" tab at the top of the page.