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Reply #74: That and this being one of the few tax breaks left to the middle class [View All]

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cascadiance Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-13-06 10:53 AM
Response to Reply #65
74. That and this being one of the few tax breaks left to the middle class
'er ... make that upper middle class now... Home loan mortgage deduction is also fuel for this fire. If the Rethugs go through with trying to lower the cap on house values for home mortgage deduction, that just might cause a crash here. For a while they were thinking of lowering the cap to something like $350K. Think that's been "quieted" quite a bit since then though.
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  -Some 86 pct of Californians can't afford a home UpInArms  Jan-12-06 10:37 PM   #0 
  - The houses in my neighborhood are $350K  longship   Jan-12-06 10:46 PM   #1 
  - Margin calls on mortgages?  smoogatz   Jan-13-06 08:51 AM   #60 
     - Explanation.  longship   Jan-13-06 11:37 AM   #77 
        - I don't think they can legally do that, because of what  LostinVA   Jan-13-06 11:39 AM   #78 
        - I hope not.  longship   Jan-13-06 12:06 PM   #84 
           - google:  Robeysays   Jan-13-06 02:08 PM   #90 
        - Doesn't make sense.  smoogatz   Jan-13-06 04:11 PM   #94 
  - That is just staggering n/t  Clara T   Jan-12-06 10:47 PM   #2 
  - self delete  KansDem   Jan-13-06 04:38 PM   #97 
  - Here's what $515K buys in my area of  LibDemAlways   Jan-12-06 10:50 PM   #3 
  - Boy, your Governor would HATE ME!  napi21   Jan-12-06 10:57 PM   #8 
  - It must be just awful for people who  LibDemAlways   Jan-12-06 11:24 PM   #12 
  - WHY in the world are people paying these prices?  napi21   Jan-12-06 11:36 PM   #17 
     - Many of us sold existing houses for exorbitant prices  melody   Jan-13-06 12:15 AM   #26 
     - Real estate - they don't make it any more. That's why. nt  Miss Chybil   Jan-13-06 10:19 PM   #103 
     - I suspect it's simple supply and demand...  American liberal   Jan-13-06 11:48 PM   #108 
  - I don't care what kind of a job I had or how much I was making, I'D MOVE!!  Wise Doubter   Jan-13-06 02:06 AM   #41 
  - In Greensboro, NC, that house would be $160K. n/t  tledford   Jan-13-06 09:06 AM   #63 
  - I have a house 300 sq ft bigger, much, much nicer  LostinVA   Jan-13-06 11:41 AM   #80 
  - yeah, and that's what californians are doing - moving.  kineta   Jan-13-06 12:40 PM   #87 
     - "...and we'll all be serfs"  KansDem   Jan-13-06 04:32 PM   #96 
  - You cannot underestimate the value of those exterior features  Clara T   Jan-12-06 11:46 PM   #19 
  - I know.... quite a stretch on the  LibDemAlways   Jan-13-06 09:42 AM   #64 
  - that looks like a $100,000 fixer-upper  barb162   Jan-13-06 12:33 AM   #27 
  - I'm in Thousand Oaks Too, this shit's insane here  currents   Jan-13-06 12:45 AM   #31 
  - my old TO home: $700K  doubleplusgood   Jan-13-06 09:59 AM   #66 
  - $520,000 in Orlando:  Lorien   Jan-13-06 12:50 AM   #33 
  - is this worth $700,000  Wise Doubter   Jan-13-06 01:52 AM   #39 
  - No. What's evident, though, is that  LibDemAlways   Jan-13-06 02:11 AM   #42 
  - Good lord! That is unspeakable  Castilleja   Jan-13-06 11:17 PM   #106 
  - 1000 sf! good grief  AZDemDist6   Jan-13-06 05:32 AM   #47 
  - Now that is just wrong....  Kaylee   Jan-13-06 05:49 AM   #49 
  - Here in West Central Wisconsin, you could buy almost any house in town  smoogatz   Jan-13-06 08:54 AM   #61 
  - That would be 18 to 20 thousand here.  TX-RAT   Jan-13-06 08:55 AM   #62 
  - If that's 515k...  oneoftheboys   Jan-13-06 10:00 AM   #67 
  - Prepare to gasp . . . nearly $700,000 for a 1 bedroom 58 year old shack  da_chimperor   Jan-13-06 02:06 PM   #89 
  - 684 square feet... WTF?!?!?!?!?!!?!?!?!?!  Robeysays   Jan-13-06 02:18 PM   #91 
  - It's Santa Cruz county, 3rd most expensive county in CA  da_chimperor   Jan-13-06 02:27 PM   #92 
  - Yeah, but the towel in photo #6 might come with the sale price...  KansDem   Jan-13-06 04:40 PM   #98 
  - what's under the slab?! GOLD?! *sheesh*  American liberal   Jan-13-06 11:55 PM   #109 
  - wow! that is unbelievable! n/t  American liberal   Jan-13-06 11:42 PM   #107 
  - my neighbors house just went for 950,000 in ca town  cindyw   Jan-12-06 10:50 PM   #4 
  - The stress level in Calif must be very high these days  young_at_heart   Jan-12-06 10:53 PM   #5 
  - That's why I rent  Cronus Protagonist   Jan-12-06 10:53 PM   #6 
  - 4 years ago ... I sold a custom Hubby and I had built to get near my ...  Maat   Jan-12-06 10:53 PM   #7 
  - My first condo in 1980 was in Ontario  serryjw   Jan-12-06 11:29 PM   #13 
     - I'll bet 3X that.  Maat   Jan-12-06 11:32 PM   #15 
        - I was just looking and  serryjw   Jan-13-06 12:09 AM   #24 
           - Ah, California real estate!  Maat   Jan-13-06 12:14 AM   #25 
  - in my (CA) county it's more than that...."grim picture" is apt. We are  pinto   Jan-12-06 11:00 PM   #9 
  - Burst, bubble, BURST!!  bluestateguy   Jan-12-06 11:01 PM   #10 
  - Why are you hoping for economic hard times? . . .  Journeyman   Jan-12-06 11:22 PM   #11 
     - Landowners are the least among us?  democracyindanger   Jan-13-06 12:08 AM   #23 
        - When the economy falters -- no matter what the reason. . .  Journeyman   Jan-13-06 12:33 AM   #28 
        - If and when the bubble bursts  democracyindanger   Jan-13-06 12:41 AM   #30 
        - Remember the Rose Bowl game in '82 or so (I think that was the year)?. . .  Journeyman   Jan-13-06 12:54 AM   #34 
           - That. Is. Freaking. Brilliant.  democracyindanger   Jan-13-06 01:02 AM   #35 
           - Aren't you thinking of the World Series game in '89  calipendence   Jan-13-06 10:46 AM   #73 
              - No. People died in Loma Prieta . . .  Journeyman   Jan-13-06 11:56 AM   #83 
        - May I point out  laptoprepairguy   Jan-13-06 10:41 AM   #72 
        - And for many  Le Taz Hot   Jan-13-06 07:38 AM   #54 
  - Come to Iowa... or, better yet, go to Oklahoma  CornField   Jan-12-06 11:29 PM   #14 
  - That's the truth  OKNancy   Jan-13-06 10:19 AM   #70 
  - This doesn't make a whole lot of sense  Zambero   Jan-12-06 11:35 PM   #16 
  - Not everyone owns.  tinrobot   Jan-12-06 11:50 PM   #20 
  - Yeah, but with prices at such a premium, rents must be huge too  JVS   Jan-13-06 06:36 AM   #51 
  - Rents are actually not *that* bad.  Zynx   Jan-13-06 12:07 PM   #85 
  - Just because you can't afford a house doesn't mean you don't have a "home"  Bridget Burke   Jan-13-06 06:59 AM   #53 
  - Still way out of whack  Zambero   Jan-13-06 11:46 AM   #81 
  - Two things to consider.  Gormy Cuss   Jan-13-06 06:44 AM   #52 
  - 1989 was a peak year, if I recall...  tinrobot   Jan-12-06 11:43 PM   #18 
  - here`s what 350 buys a 100 miles west of chicago  madrchsod   Jan-12-06 11:53 PM   #21 
  - I used to have a girlfriend in Sterling  AngryAmish   Jan-13-06 07:54 AM   #57 
  - Here's what you can get in Southern Georgia on the coast  Godspeed_Democrats   Jan-13-06 08:18 AM   #58 
  - I live in CA and all I can say is: thank gawd we bought when we did  Shine   Jan-12-06 11:56 PM   #22 
  - Hiya neighbor!  fooj   Jan-13-06 03:22 AM   #44 
  - Hey there, fooj!  Shine   Jan-13-06 10:04 AM   #68 
     - La Selva Beach Liberal!  fooj   Jan-13-06 11:39 AM   #79 
        - Right on!  Shine   Jan-13-06 01:21 PM   #88 
  - I saw a recent bumper sticker  Le Taz Hot   Jan-13-06 07:42 AM   #55 
  - Yeah, that's us.  Shine   Jan-13-06 10:05 AM   #69 
  - Check out the link I posted above, a 1 bedroom shack in Capitola.  da_chimperor   Jan-13-06 02:37 PM   #93 
     - Ouch, indeed.  Shine   Jan-13-06 06:27 PM   #102 
  - relatives often end up helping out or people can't buy  barb162   Jan-13-06 12:36 AM   #29 
  - There are two reasons for the runaway prices  cosmicone   Jan-13-06 12:46 AM   #32 
  - DING!! DING!! EVERYONE PLEASE READ cosmicone's POST!!!  Yavin4   Jan-13-06 09:57 AM   #65 
     - That and this being one of the few tax breaks left to the middle class  calipendence   Jan-13-06 10:53 AM   #74 
        - What do the thugs care  hogwyld   Jan-13-06 11:21 AM   #76 
           - Oh, I'm sure it's in their plans at some point...  calipendence   Jan-13-06 11:47 AM   #82 
  - What's the national average?  0rganism   Jan-13-06 01:02 AM   #36 
  - Wait a minute.....  cliss   Jan-13-06 01:40 AM   #37 
  - The key word here is "buy" a home (now).  Le Taz Hot   Jan-13-06 07:48 AM   #56 
  - Can this be topped?  Wise Doubter   Jan-13-06 01:48 AM   #38 
  - check these  Wise Doubter   Jan-13-06 01:58 AM   #40 
  - Close to one Million is what homes in my neighborhood  Raine   Jan-13-06 02:31 AM   #43 
  - that's the only way my daughter will be able to afford a house  yorkiemommie1   Jan-13-06 06:08 PM   #100 
  - Insane...and bound to burst  mtnester   Jan-13-06 04:16 AM   #45 
  - What a beautiful state it is.  The Backlash Cometh   Jan-13-06 04:52 AM   #46 
  - My son and daughter in-law moved to Oregon to buy a home.  0007   Jan-13-06 05:45 AM   #48 
  - I imagine tent cities will spring-up under the bridges  Jose Diablo   Jan-13-06 06:24 AM   #50 
  - bad credit blocks renters from finding an apt  OKthatsIT   Jan-13-06 08:42 AM   #59 
     - Meanwhile  MountainLaurel   Jan-13-06 11:13 AM   #75 
  - Yes, prices are expensive here. But Foreclosures are WAY up, & bids down.  zann725   Jan-13-06 10:28 AM   #71 
  - I live in northern California, and  lucca   Jan-13-06 12:33 PM   #86 
  - article in local (Chicago) paper recently stated  American liberal   Jan-14-06 12:00 AM   #110 
  - Thank you for this thread.  Vinca   Jan-13-06 04:29 PM   #95 
  - New York - can't afford to RENT  HockeyMom   Jan-13-06 05:34 PM   #99 
  - just move to SC  carolinarocco   Jan-13-06 06:15 PM   #101 
  - A friend from Long Beach told me he was selling his home because  greblc   Jan-13-06 10:25 PM   #104 
  - Here's what $250K gets you in Kansas City - 1800 square feet, 3 BR . . .  hatrack   Jan-13-06 10:37 PM   #105 
  - and this is the greatest country in the world?  StellaBlue   Jan-14-06 12:16 AM   #111 
 

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