--c/ma said in regard to the 15k plan-
"What they need to do is give folks some tax relief that are having to sell their homes at a loss, due to relocation/ job change. Not just because of irresponsiblity... I never understood why RE can't be considered gambling
and you can claim those losses!
This whole situation is whacked out. Trying to get a lot of consumers to spend more, when most of 'ems credit is shot out anyway. Vicious circle."
--Here is CJ's response-
Quote:
Originally Posted by
crazyma 
What they need to do is give folks some tax relief that are having to sell their homes at a loss, due to relocation/ job change. .
this is the problem w/some peoples mentality....no one is FORCING you to move! DON"T TAKE the relocation/job change! If you were foolish to buy a home only a couple years ago and didn't factor in you might move, then it was your foolishness for not looking ahead financially. You shouldn't have bought your home.
Why should I subsidize YOU because of your mistake?
A home is not something that should be "day traded" like some people do w/stocks.
Quote:
Originally Posted by
crazyma
Not just because of irresponsiblity... I never understood why RE can't be considered gambling and you can claim those losses!
.
Buying a home is considered gambling when you buy more home than you can afford and don't have a good amount of savings in case a personal tragedy happens. People seem to have forgotten that over the past 10-20 years and subsequently have used their homes like ATM's.
No one wants to take personal responsibility anymore. their attitude is "if I make a mistake, you have to bail me out"
--And here is what c/ma replied back-
Coupon Jack said- "this is the problem w/some peoples mentality....no one is FORCING you to move! DON"T TAKE the relocation/job change! If you were foolish to buy a home only a couple years ago and didn't factor in you might move, then it was your foolishness for not looking ahead financially. You shouldn't have bought your home."
that makes no sense-- You do realize that if people need a job then they go where it is... DUH. And if your company is relocating you,
WHAT, you are supposed to say oh sorry not gonna go, I'll just stay here without a job and lose my house?????
the way YOU make it sound is NO ONE should ever buy!!
Anyway- NO ONE knows what tomorrow holds. I was merely saying it would be nice to write off some loss...that did not occur based on irresponsible, foolish decisions or buying more than afforded.
Oh , and nope MY home isn't an ATM TYVM. We are actually doing well, thank the good Lord.
But it does suck losing money when a home is sold, and sometimes it is no one's fault...as they say sh*t happens , huh.
Don't take anything for granted, never say it can't happen to me.
YES CJ, you are absolutely correct, I got emotional and all tizzy. I am an absolute ignoramus and can not read nor comprehend. Please forgive me for thinking and having an opinion.I just can't help myself sometimes. I will try to refrain for doing so again. I know absolutely nothing about the real estate market and will crawl back to camp utterly defeated and wounded
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