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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (43495)10/22/2005 1:30:04 AM
From: John VosillaRespond to of 306849
 
"Get rid of the double standard that allows residential property investments to write off interest but yet avoid taxes on the gains."

That is an incredible tax incentive combo. On top of that home prices expected to increase 20% a year for the next decade too. No wonder why the masses in bubbletown USA all want to own<g>



To: Les H who wrote (43495)10/22/2005 10:25:02 AM
From: Les HRead Replies (4) | Respond to of 306849
 
Californians use home equity for investment

www2.presstelegram.com



To: Les H who wrote (43495)10/24/2005 11:58:02 PM
From: David JonesRespond to of 306849
 
>>>>pay income tax on the equity extracted beyond the original mortgage as a realization of capital gains<<<<

No capital gains tax but the properties tax base should reflect the new value brought about by any loan above the original price. Cash out opens the door to the assessor in some metered fashion.
I'm speaking of California here.


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