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Plus, the credit amount from the lease payment is stupid low. I've done this before as a renter/potential buyer and have ALWAYS received at least 30% of lease payments towards down payment upon purchase. I bet you could rent a home in the same neighborhood for less than $2500/month.

Wasn't busting on you... that statement for residential real estate is not true in general. There may be some places that it occurs, however, it's not the norm where I've lived. You pay rent at an agreed amount per month and that's it. Commercial real estate with "triple net" then, yes...

Prop tax plus mark up?????? Not on any residential RE I've rented. I don't pay any of that stuff, except normal utilities. The owner is on the hook for the property tax, repairs, insurance, HOA. The owner of my place is OVER $1000 cash flow negative EVERY month. Just found that...

Yep, Milk does a body good... blah, blah blah. brought to you by the Calif. Dairy Farmers Same thing. Nothing like a bit of unbiased research.

Currently she's the Anna Kornukova of golf only not as pretty, IMHO. Makes bank, hasn't won squat. When she learns to win, and that's the hard part, she'll be fine. Tiger took the best path by winning everything under the sun in amatuer ranks. That is directly relevant to what has...

Or in my case it's 125% more expensive to own than rent. Choice was EASY.

1) You better hope the IRS doesn't find out you rented out rooms in your home and try to claim the exemption. 2) Unless you're married you have a potential 250K exemption and a 65K LT Cap Gain.

I have no problem with her as long as she qualifies for the Open same as any other non-exempt player. She will qualify for the open one day. Will be interesting to see the uproar when she does.

If the situations in Iraq were a Compton hood robbery gone bad with a murder, the ones that arranged the robbery would be as culpable as those performing the act. Marines are being charged with murder. Shouldn't George, Dick and Rumsfeld be charged as well? Same basic theory of law. No?

Again, RE is regional, not a national market... Lots of negative data inside the "happy title" of that article. If housing was a stock would you buy now? 1) Flat to down pricing in my area 2) Sales volume down 20-40% 3) Inventories up 120% from prior year. Sounds like very sound...

I know that there are homes for rent in my neighborhood, that have been for rent for at least 12 months with no takers. Rents aren't going up either. Home prices in my community have been down at least 10% already from the peak and still dropping. One home started at 425, now 369 and has...

Suicidal Tendencies "SEND ME YOUR MONEY" (lyrics by Mike Muir) Lights, camera, silence on the set Tape rolling, 3-2-1-action Welcome to the church of Suicidal We'll have a service and wonderful recital But before we go on, there's something I must mention An important message I must...

Another major flaw... Are you building equity if the home takes a 20% dive in value from the purchase price? In a flat or up market, yes. There are a bunch of homes in my neighborhood that are selling for MUCH less now than they were last year... Hmmmmmmm.

Have you EVER had a client that defaulted and was imposed a tax bill for "forgiveness of debt" on a home. In California, I've had a few that defaulted, received notice (1099) and never paid one red cent to the IRS under this theory. The forgiveness of debt concept gnereally works when two...

The vacant place next door to me was listed at 499K and I noticed yesterday the sign changed to "For Lease". Looks like someone is going to try and wait out the current situation. The house is overpriced at 499K by about 75K as other in the area are selling for less with landscaping, pools and...

Boneheads that can't think outside the box always move to a bigger house or use entire equity buying the new place. Nothing says you have to trade one overpriced asset for another more expensive overpriced asset? What's wrong with renting for a few years with a ton of cash in the bank? I've...

Just like "Milk does a body good", brought to you by the California Dairy Farmers.

I sell snowboard stuff, Technine, as a side business. Had basically the same board for years... Burton Air 5.5 I wouldn't go any shorter than a 155. If you ever get into a powder situation, you'll be hating life on a short board, DAMHIK!!! Selection is all about goals. In the...

Good thing Bush didn't get a little side action in the White House... he'd get impeached for that!!! :D

No way for entrapment IMHO. Plus who showed up to get the booty... so to speak. I think that substantiates to a significant level who may have been on the other end of the line