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it is sinking in yet?
Posted: Thu Dec 01, 2016 2:09 pm
by callmeslick
....you're being prepped to get hosed. Mortgage rates at a 10 year high rate already, and the Orange Hope is going to get rid of the tax writeoff?
Working for you all? Doesn't affect me at all. Victory smelling sweet, Slappy(you likely don't even own your own car}?
http://www.msn.com/en-us/money/realesta ... li=BBnbfcN
Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 2:24 pm
by Darkhorse
Did you even read your own link?
Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 2:33 pm
by Pudfark
Slick teaches dancing...better'n he does financing....

Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 4:01 pm
by callmeslick
yes, I did, DH. What is your point?
Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 4:22 pm
by Pudfark
DH meant...did ya read all of it? I did and I see his point, it contradicts.

Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 5:26 pm
by Darkhorse
callmeslick wrote:yes, I did, DH. What is your point?
OK, I will get out some crayons! You said "Trump is going to get rid of the tax writeoff."
The link posted said "We'll cap the mortgage interest, but we'll allow some deductibility,".
and also "The deduction is very popular, but it benefits far fewer taxpayers than one might think."
and "If the Trump administration caps deductions at even $100,000, as Mnuchin suggested, that would not hit most borrowers because on that $500,000 (which is more than most loans in general) the total annual interest payment was about $23,000."
So the spreading of doom and gloom you pissed about for the last 8 years has come home to roost!
Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 5:43 pm
by callmeslick
Darkhorse wrote:callmeslick wrote:yes, I did, DH. What is your point?
OK, I will get out some crayons! You said "Trump is going to get rid of the tax writeoff."
The link posted said "We'll cap the mortgage interest, but we'll allow some deductibility,".
so, you suddenly trust politicians to go down that slippery slope? Some of his advisors are clear about getting rid of all writeoffs.
so, you're ok with interest rates on homes going up 2% in 3 weeks, and maybe getting rid of writeoffs? How is this working for the average citizen?
Or, do we have to do 4 years of dancing around reality like we did during the Bush years in here?
Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 6:10 pm
by Darkhorse
All I hear is a lot of opinion and speculation! I myself can deal with some pain that might come with turning this Country around and away from progressive globalism. Not only is it happening here, take a good look at Europe.
Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 6:23 pm
by callmeslick
Darkhorse wrote:All I hear is a lot of opinion and speculation!
fair enough. However, one can glean some insight from the statements of those being added to the incoming admin.
I myself can deal with some pain that might come with turning this Country around and away from progressive globalism. Not only is it happening here, take a good look at Europe.
that is the lie. You can't. This thing you call Progressive Globalization is, in reality, a Fourth Industrial Revolution,and, like the first three will rapidly spread throughout the entire developed world. No barrier will prevent that. All barriers will do is guarantee that the nations with the barriers get relegated to the long-term ash heap of economic history, just as those that resisted that other leaps of industrial progress did. The question becomes how to participate and not have a nation of 90% service industry peons and unemployed people. The investors will be just fine. They can move money at will, in seconds, away from any economy that tries to thwart automation production or global commerce.
Re: it is sinking in yet?
Posted: Thu Dec 01, 2016 6:59 pm
by callmeslick
oh, and another tell, DH, might be the victory lap the Orange Buffoon is jogging through over Carrier. The Wall Street Journal covers the matter in painful detail, but this link is more succinct and colorful!
http://www.politicususa.com/2016/11/30/ ... layed.html
either the Deal Maker got played, or played along. Time will be sufficient for you and the rest of the nation to figure out which........