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If you want to look after the tax cuts were put in place record amounts poured into the treasury. Now I agree that they just turned around and spent it. So what your saying is raise taxes which you think will bring in more revenue and continue spending? I say not having a budget for going on almost three years is reckless. I hear no chirping from the talking heads about this on the tube. I wonder why?
No, they aren't. If the landlord's cost basis is $0, he doesn't give the tenant a rental for $0.
If a landlords cost basis is $1,000 he doesnt give a rental for $200. The cost is added up, including the mortgages and then the rental rates are determined what the appropriate rental rate is to bring in the required cap rate. How on gods earth do you think sales prices is determined for rentals?
Quote:
Originally Posted by le roi
My point exactly. You said you were a landlord, you ought to know good and well that you don't pass on your savings to the tenants. That would defeat the purpose of being a landlord.
Actually savings do get passed onto the tenants. As an investor I'm looking for a certain cap rate on my properties. If everyone in this nation has their tax deduction removed, that doesnt change the demand for the cap rate, which results in every renter having to now cover the "profit" i'm no longer getting, hence you will get a rental increase more than you normally would. Why is this so difficult for so many people?
If my cost this year to own a property is $6000, and I'm getting $550 a month in rent, my profit is $600 or a cap 10.
If you remove the tax credits, my cost to own that very same property will go up, to lets just say $6500, so for me to get my cap 10, your rental rate just skyrocketed to $595.83 a month.
Do you think the landlording business is welfare, and I'm not going to pass those rates onto the tenants?
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Originally Posted by le roi
Furthermore, you said that the mortgage interest deduction gets passed on to renters, when in reality, many of them have landlords without mortgages at all.
If your landlord has no mortgages, they are too stupid to be a landlord.
Quote:
Originally Posted by le roi
I don't know what you're babbling about, but I never supported first time home buyer grants. Go find somewhere else to spread your lies.
So liberals didnt support Obamas first time home buyer grant? Seriously, thats your claim?
No it's not a joke. You support more debt? You realize that high debt is what crashed the housing market, which crashed the financial sector, which was all dumped onto the taxpayer?
Giving people a tax deduction does not create debt.. OVER SPENDING DOES
Actually savings do get passed onto the tenants. As an investor I'm looking for a certain cap rate on my properties. If everyone in this nation has their tax deduction removed, that doesnt change the demand for the cap rate, which results in every renter having to now cover the "profit" i'm no longer getting, hence you will get a rental increase more than you normally would. Why is this so difficult for so many people?
No, because they would just move out of your rental, and into one that wasn't affected by the loss of the mortgage interest deduction.
Not everybody has a high-interest mortgage and a high income. Lots of people take the standard deduction.
Quote:
Originally Posted by pghquest
So liberals didnt support Obamas first time home buyer grant? Seriously, thats your claim?
I am not a liberal, I'm a center-right conservative who thinks the Republican party is full of sh*t and has a wacked-out version of what "conservative" means.
Unlike useless folks in the finance, insurance, and real estate industries, who support tax incentives for debt. Yeah, that makes a lot of sense. Let's give people TAX BREAKS for taking on debt.
I am not a liberal, a center-right conservative who thinks the Republican party is full of sh*t.
Considering your ability to calculate and not think investors will pass these increases onto the tenants, I'd say its not the Republicans FOS..
Quote:
Originally Posted by le roi
Unlike useless folks like yourself in the F.I.R.E. industry, who support tax incentives for debt, for your own selfish reasons.
Actually if you go back to page 1, you'll see that I supported dropping the tax deductions but tax deductions do NOT create debt. I have absolutely no problem passing those costs onto tenants. The higher my cost is, the greater my profits will be provided the market will support the increase. In this case, there is no alternative, the market will have to support the increase and tenants will see higher rental rates. What you gonna do, go homeless?
Obama holds that record AFTER 2009. Who had it before that?
Gees, how shocking. Every president holds record deficits for their time period. Why the limitation on "after 2009"? Is there some rule which says deficits from 2010, 2011, etc dont matter anymore?
giving people money = good
allowing people to keep their money = bad.
what the....
It's the liberal mindset. Is anyone surprised Obama and the Dems have caused deficits and the national debt to skyrocket? That is the way they think.
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