Mortgage Rates- Confounding the Sheeple

[cbr]

Re: Mortgage Rates- Confounding the Sheeple

To the earlier post re. Moving to Texas, property tax is high but there is no state income tax. If you are looking at high end property but low taxable income, Texas is not ideal...but in my experience it still beats everywhere else!

[don]

Re: Mortgage Rates- Confounding the Sheeple

Well, those people are morons for not taking advantage of an option that will save them money.

Also, as I just posted in another reply, you also need to include the property taxes paid, as you can deduct them when you itemize.

Shakes: from the info you presented, is part of your conclusion that the mortgage interest deduction is solely a buyer's benefit and in no way raised the price on housing, unlike the recent tax credit incentive?

[don]

Re: Mortgage Rates- Confounding the Sheeple

``“Insiders are basically special interests: small in number but well organized and with specific goals. Outsiders, or the “unorganized masses,” are the rest of us: we have some interests, but we are poorly organized to pursue them and therefore are generally unsuccessful. In particular, Outsiders suffer from poor and limited information, and therefore are especially susceptible to political symbols.”... “Given these differences, the Insiders use overt political dramas as symbols that placate the masses while using covert political activity to plunder them. What we would now call rent-seeking succeeds because Outsiders are dazzled by the symbols while Insiders grab the substance.”''

http://www.newsdissector.com/blog/20...s-white-house/

[Master Shake]

Re: Mortgage Rates- Confounding the Sheeple

Shakes: from the info you presented, is part of your conclusion that the mortgage interest deduction is solely a buyer's benefit and in no way raised the price on housing, unlike the recent tax credit incentive?

All things being equal, it undoubtedly does promote higher housing prices.

[photon555]

Re: Mortgage Rates- Confounding the Sheeple

Awesome! I'm still trying to figure out where i'm at myself Not sure if i wanna stay in AZ or not..... Houses here are getting fairly cheap now.... ~ 160K for a 4 bedroom 2.5 bath close to major shopping centers, etc... Condo rentals in rental neighborhoods for 22K... So, im getting an itchy finger as well ;)

How will the housing prices hold up when AZ becomes part of Mexico?