Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Kirk © who wrote (24009)	8/22/2006 6:06:53 PM
From: J-L-S	Read Replies (1) of 42834

I'm glad my "style" has you interested enough to read what I write on my own site as well as here. Your analytical skills are lacking ... I never read anything at your site. How did you come to that conclusion? I've tripped over your messages on company message boards, mostly regarding CACS. Nobody would read someone "boring." My prior message was a response to a message you wrote a few days ago as a response to one of my messages on that same day. Why would I wait so long to reply? Because I rarely follow through on reading your messages because they are so boring. As for payments on a house... so what? My loan to value is tiny and I get a nice write off for the part dedicated to my office. If you write off a portion of your house as an office then you are not allowed to write off your expenses on that same portion as a residence. In other words, it is no longer part of your residence for tax purposes. So the tax benefit differential is nil, unless you cheat (or steal) by writing off both at the same time. It probably also affects your capital gains situation when (or if) you ever get around to selling the place. You can sell your primary residence every two years and not pay any capital gains tax on $250k if you are single, and I think it is $500k if you are married. I've done that twice over the last few years and made a few hundred thousand without paying a dime of tax on the gain. While I owned those places as primary residences, this place was a secondary (vacation) residence. Now this is my only residence so it is primary. Doesn't matter, as it will never be sold. I have a pretty decent investment record so I'd much rather compound that in double digits while paying a 4.875% mortgage I write off. Your mortgage (and property taxes) are only reduced by whatever tax bracket you are in. If you manage your income and keep it low (by pushing it into forward years) then your tax bracket is also low and your savings on mortgage deductions is low. I would recommend you flip your primary residence every few years and take the tax-free capital gains. Just imagine how many hundreds of thousands you could make over several years and not pay a dime in taxes.

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