Greenspan: Let Bush's Tax Cuts Expire

[spidey07]

Here is last house I built guys got it for $375,000 and it's prolly worth $300 today. With 20% down that about $1500. If I showed you the inside you'd trip the fuck out how gorgeous it is. All custom,10' ceilings. triple crown, 6 cm granite etc etc

Then you know the drill. Location location location. My mcmansion is going to be 600k. If I moved it 20 miles out it would be 350.

 

[IndyColtsFan]

2000+ in a nice area with good schools. I've got a 2500 sq ft house and it's more space than we need, and we have 3 kids.

Yeah, just read you're looking on the east coast. That will cost you. I'm fortunate that I live in the most affordable housing market for a major metro area (Indy), so you can get all sorts of huge homes for relatively cheap prices.

 

[JD50]

My mortgage is $1344 per month (P&I, property tax, ins) and we have a 2,600 sq foot house with 4 bedrooms, 3 bathrooms, fireplace, 3 stall finished and heated garage.

If you don't live in a big city near the east or west cost you can get a very nice house for $200-$300k.

Good point, I'm so used to living on the east coast, I forget how cheap living in middle America is. The Richmond area isn't too bad right now, but there aren't nearly as many high paying jobs as there are up in the DC/NOVA/Baltimore area.

 

[Zebo]

Good point, I'm so used to living on the east coast, I forget how cheap living in middle America is. The Richmond area isn't too bad right now, but there aren't nearly as many high paying jobs as there are up in the DC/NOVA/Baltimore area.

Why you think I moved out of CA shortly after graduating? Try studio apt with a young family and no hopes of ever buying a house.:thumbsdown: Zebo did not get down money like the girls.

 

[piasabird]

Looks ugly to me. Is it suppose to be a castle, or is it designed to burn as much coal as possible to air condition and heat it? You are a big polluter.

I guess one man's freedom is another man's hell.

 

[Zebo]

Looks ugly to me. Is it suppose to be a castle, or is it designed to burn as much coal as possible to air condition and heat it? You are a big polluter.

I guess one man's freedom is another man's hell.

If that is directed to me I am nothing but a servant to what people want. Like I said single wide, bring it.

 

[Zebo]

Then you know the drill. Location location location. My mcmansion is going to be 600k. If I moved it 20 miles out it would be 350.

I'd be careful. Housing prices have not hit pace with incomes yet.

 

[spidey07]

I'd be careful. Housing prices have not hit pace with incomes yet.

I know and were getting way off topic here. My best man is a developer/gc. I have the upper hand and will use it.

 

[manimal]

Yeah, no kidding. This place is in my town and you can have it for under $1500/month if you put 20% down, no problem:

http://mibor.ws.marketlinx.com/SiteContent/PropDetail.aspx?N=0&S=INR&Id=1113997

3600 sq ft, which is quite large. You put 20% down, get a 5% loan at 30 years, and you're looking at $1400 or so and that is at that list price. You could probably knock a few thousand off the asking price. Granted, it is a standard developer home, but it is OK for that price.

My own home is 2700 or 2800 sq ft, mostly brick with some cedar siding on the back, and was custom built. The people selling it really needed to unload it and I played hardball with them and got it for way under their asking price, which they had dropped several times already. They really hated me. At any rate, it is just the two of us with our dog and there won't be any little blanghorsts running around, so it is more than enough.

I moved our family from new york city about 4 years ago. With the equity we build up in our two aptarments we were able to do 4k square feet here in Carmel. People do not realize that with low rent and low taxes you do not have to make 140k a year to live well. Cant believe how good a value the midwest is. While the wife and I earn less here than we did in NYC the net outcome is were still much better off here. We looked at plainfield but living on the Monon trail was too attractive at our price.

 

[BoberFett]

Anywhere besides CA, NJ, NY?

Hardly. My place cost almost $300K in Minneapolis. Here, your place would probably be $600K or more, depending on exact location.

 

[IndyColtsFan]

I moved our family from new york city about 4 years ago. With the equity we build up in our two aptarments we were able to do 4k square feet here in Carmel. People do not realize that with low rent and low taxes you do not have to make 140k a year to live well. Cant believe how good a value the midwest is. While the wife and I earn less here than we did in NYC the net outcome is were still much better off here. We looked at plainfield but living on the Monon trail was too attractive at our price.

Exactly. The midwest is a great place to live and raise a family -- I grew up here and my entire family is in the Plainfield area, so when I sold my starter house and got married, that was the best place to look for me. People laugh and say "Fly over country!", but those are the people living in tiny places and having to work 2 or 3 jobs to make ends meet.

Sure, I love places like California and Europe but with the money I save living here, I can afford to go there on vacations often and I don't have to risk being gouged with the dire financial situations in those places. Indy is just a fabulous city to live in or around. One of the best I've seen and I've been to about every major city in the US and many major cities in Europe, Asia, and South America too.

 

[IndyColtsFan]

I'd be careful. Housing prices have not hit pace with incomes yet.

I saw some blurbs that housing sales, after a brief spike due to the tax credit, are slumping again. I'm hoping that they extend the credit into next year and that we see rates drop even further. Rates are getting to the point where I may need to refinance AGAIN just after I refinanced in March!

My wife STILL has her condo and we need to unload it. She has not been motivated to sell the damn thing but I am going to be a little more insistent this time.

 

[heyheybooboo]

Here is last house I built guys got it for $375,000 and it's prolly worth $300 today. With 20% down that about $1500. If I showed you the inside you'd trip the fuck out how gorgeous it is. All custom,10' ceilings. triple crown, 6 cm granite etc etc

Dude ...

That house is ugly as Hell. The front entry looks like a yawning vagina with teeth




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[rudder]

More democrats care calling to keep the Bush tax cuts...

http://online.wsj.com/article/SB10001424052748703954804575381501862552246.html

 

[IndyColtsFan]

More democrats care calling to keep the Bush tax cuts...

http://online.wsj.com/article/SB10001424052748703954804575381501862552246.html

I can't wait to hear the excuses from the usual suspects if the Bush tax cuts are extended.

 

[shortylickens]

Don't forget the DC, NOVA, and Baltimore suburbs.

Yeah, NOVA is insane.
I get out and about a lot and only just recently saw those McMansions everyone is talking about. But prices in general have quadrupled from less than a decade ago.

 

[Acanthus]

The tax cuts should certainly be allowed to expire.

The national debt wouldn't be nearly as bad as it is now if they weren't placed in the 1st place.

 

[yllus]

I guess it's a sign of how central I live in a major city that I was recently quoted $700k for a 1100 sqft condo on the 19th floor across the street from me. That just isn't happening.

 

[JD50]

The tax cuts should certainly be allowed to expire.

The national debt wouldn't be nearly as bad as it is now if they weren't placed in the 1st place.

 

[IndyColtsFan]

I guess it's a sign of how central I live in a major city that I was recently quoted $700k for a 1100 sqft condo on the 19th floor across the street from me. That just isn't happening.

Ouch. $700K here would probably buy you a custom home on a large lot with 6,000 or 7000 sq. ft.

 

[Acanthus]

good retort.

remind about how it saved the economy again?

 

[JS80]

Here is last house I built guys got it for $375,000 and it's prolly worth $300 today. With 20% down that about $1500. If I showed you the inside you'd trip the fuck out how gorgeous it is. All custom,10' ceilings. triple crown, 6 cm granite etc etc

That's a $5 million "estate" where I live.

 

[JS80]

Exactly. The midwest is a great place to live and raise a family -- I grew up here and my entire family is in the Plainfield area, so when I sold my starter house and got married, that was the best place to look for me. People laugh and say "Fly over country!", but those are the people living in tiny places and having to work 2 or 3 jobs to make ends meet.

Sure, I love places like California and Europe but with the money I save living here, I can afford to go there on vacations often and I don't have to risk being gouged with the dire financial situations in those places. Indy is just a fabulous city to live in or around. One of the best I've seen and I've been to about every major city in the US and many major cities in Europe, Asia, and South America too.

Yea, it's great. If you're a complacent wasp.

 

[JS80]

The tax cuts should certainly be allowed to expire.

The national debt wouldn't be nearly as bad as it is now if they weren't placed in the 1st place.

Retarded statement is retarded. If the tax cuts expire, tax revenue/receipts will DROP.

 

[spidey07]

good retort.

remind about how it saved the economy again?

I guess you don't remember, the economy was stinking and nobody was buying anything. Durable goods sales went through the floor.

Those tax cuts single handily saved the economy because it put more money into the hands of people who earned it. Letting them expire will have the exact opposite and crush this struggling nation.

Face it, Bush was right and those cuts were one of his greatest accomplishments that benefited ALL people. People are longing for the good times of the Bush presidency right now. What happened to unemployment when those tax cuts were passed, hmmm?