Stick Your Neck Out and Predict

[Miss Kitty]

BMBV...you have given into peer pressure, again. :nono1:

 

[SHELLY]

So, in just one month, his forecast changed from 6 more months of demand slowdown to basically the sales volume now holding level.
:roll:
What did you or anyone else see here?

Maybe he's afraid that someone will slip a little something in his "refreshments" when he shows up HERE tonight.

 

[flyforfun]

flyforfun...here is a link ... looks like it was $2.8billion!!
http://www.mountainresortmag.com/index.php?option=com_content&task=view&id=43&Itemid=1

Geeeish, another corporate owned development.....about the fastest way to screw up a steel ball.

 

[Smiling JOe]

I have friends????:roll:

Of course you have friends. You didn't see me post your Halloween photos on SoWal, did you?

 

[flyforfun]

I wouldn?t worry about losing the low capital gains tax rate under the Democrats. Most Democrats voted for the Taxpayer Relief Act of 1997 which included lowering the capital gains tax rate.

In 1991 the first Bush was President - remember the one that broke his ?no new taxes? promise. So you can?t blame 1991 economic woes on the Democrats.

During President Clinton?s presidency we had budget surpluses. Bush and the Republican Congress have given us record braking deficits and a soaring federal debt.

The big tax breaks the Republicans gave to the wealthiest Americans has actually contributed to the higher national debt and increasing interest rates.

Eco, the 1991 real estate problem's were directly the result of the demo's wanting to teach Bush Sr. a lesson on the "no new taxes" theme. They basically re-wrote the tax code with regards to real estate depreciation schedule. It devasted investors who were in limited partnerships, and all rental property schedules were increased by 30%! During that period you could drive down 30-A and you saw double the number of "for sale" signs that you see today. You could have purchased beach front for $85-100,000.00!

You are correct regarding the 1997 tax relief act, the demo's along with the repo's did reduce capital gains tax to 30%, however it was not until the repo controlled congress took over was it reduced to 15%.

I happen to fall into those so called "tax breaks for the wealthy", and at the next sowal event, I want you to show them to me, cause my account has yet to do the same. And believe me, I ask himevery year around April 15! If you have a buddy who is a real estate agent down there, he/she is probably looking for the same breaks. You may want to give a seminar! You will find the biggest tax breaks have been for those of us who choose to invest in the real estate market, something anyone with a few dollars can still do, even along 30-A.

 

[Smiling JOe]

I wouldn’t worry about losing the low capital gains tax rate under the Democrats. Most Democrats voted for the Taxpayer Relief Act of 1997 which included lowering the capital gains tax rate.

In 1991 the first Bush was President - remember the one that broke his “no new taxes” promise. So you can’t blame 1991 economic woes on the Democrats.

During President Clinton’s presidency we had budget surpluses. Bush and the Republican Congress have given us record braking deficits and a soaring federal debt.

The big tax breaks the Republicans gave to the wealthiest Americans has actually contributed to the higher national debt and increasing interest rates.

I am no political fan of anyone, but to tell the whole truth -- the press pushers had a field day with the first Pres Bush quoting, "no new taxes," was said after he had already pushed through taxes.

By the way, I believe that surplus of which you speak is Social Security, which shows up as a surplus in the budget.

 

[SHELLY]

You will find the biggest tax breaks have been for those of us who choose to invest in the real estate market, something anyone with a few dollars can still do, even along 30-A.

...or with 100% financing through a liar's loan you don't even need a few dollars.


.

 

[iqueequeg]

I am no political fan of anyone, but to tell the whole truth -- the press pushers had a field day with the first Pres Bush quoting, "no new taxes," was said after he had already pushed through taxes.

Actually, it was from Bush Sr.'s acceptance speech to the Republican convention in '88 (before he became president). From Wikipedia, but independently confirmable from other sources (as well as my memory):

""Read my lips: no new taxes" is a now-famous phrase spoken by former American president and candidate George H. W. Bush at the 1988 Republican National Convention in his acceptance speech on August 18."

But Bush Sr. did the right thing by raising taxes, and doing so contributed to taming the deficit, which was continued by Bill Clinton. Raising taxes cost him his re-election bid, though (along with Ross Perot).

Didn't like him all that much at the time, but I'd love to have Bush Sr. back now.

 

[seacliffes]

Clinton likes to take credit for the budget surplus of the late 90s, but in doing so he conveniently leaves out the fact that the Congress at that time was Republican. All they did was scale back our massive welfare system much to his chagrin although he finally signed the legislation and then took credit for it....

 

[goofer]

The President proposes......The Congress disposes.