Tax Rebates for Real Estate

Jump to Last Post 1-3 of 3 discussions (6 posts)
  1. profile image53
    jimolsonposted 8 years ago

    Now really is the time to buy Real Estate and I state this, not just as a professional in the field, but as an individual with both historic perspective and a strong economics background.  Houses are on sale everywhere.  Fair Market Value is only being paid for entry level homes and then only in the hottest of micro-markets.  Most houses are selling at discounts of up to 50% of FMV.  In my little corner of the world, Port Washington entry level homes are selling on a par with FMV but in nearby Sheboygan, 50% of FMV is not uncommon.

    The other huge variable in home ownership is the interest rate paid on a conventional 30 year mortgage.  Rates now are at the bottom of the 30 year range.  Can they go lower?  Anything can happen but you need to go and do your own homework.  Check out 1970 through  1990 and you will find that spikes in rates have very long tails.

    But the real carrot is the amount of money to be had from the Treasury Dept.  When was the last time that you could get an extra $6500 to 8,000 raise in your own income tax return?  Answer never and you are probably spot on.

    1. livewithrichard profile image84
      livewithrichardposted 8 years agoin reply to this

      I agree this is a good time to buy a home if you can afford to but to state that homes are selling for 50% of fair market value (FMV) is misleading when the truth is the FMV is half of what it once was. Semantics, I know but the way you state it seems like a buyer is getting a great deal with untapped equity when in reality they are purchasing something that is more affordable and with no equity.

    2. profile image0
      Poppa Bluesposted 8 years agoin reply to this

      I think you may be right. Of course much depends on one's employment prospects. There is still a risk of price decline in some markets so be prepared to stay where you are for some years. It's hard to say what's going to happen in the future but I'm betting interest rates will rise considerably which can lower home prices and shrink demand. The good news is we'll likely see very high inflation and home ownership can offset this. The best thing to do now is buy rural land, gold, and guns and construct cabin on a high point clearing that can be easily defended.

  2. fdoleac profile image60
    fdoleacposted 8 years ago

    I agree.  The convergence of three factors never seen in the real estate industry.  Historically low interest rates, affordable prices and a tax credit.  If you qualify and want to buy, there will never by a better time.

  3. equitycoalition profile image60
    equitycoalitionposted 8 years ago

    Its about the naked girl with the guitar.....oh, sorry about that. You have to buy in places where there is a hope for a recovery. Case and point.........the most stable RE price index in the US is Cleveland OH. Why? Because prices barely changed in the past 10 years. They barely went up during the boom and have gone down slighty in the recession.

    Is it a good market to buy? Well, it depends on what you want. If you just want to get a tax brake forever until you sell without much risk of depreciation, go for it. If you want appreciation, run away.

    If you want to make a killing, buy somewhere close to a place where property values were sick just 2 years ago that are near the ocean. Simple yes but true. A large metro center by the ocean is prime real estate always in the USA. Do not buy inland and do not by rural. Stay suburban or urban near a strong economic centered city. My picks?

    CA: Orange County, LA, San Diego, San Francisco East Bay,
    FL: Orlando (Only because of Disneyworld), Miami, Jacksonville
    GA: Atlanta
    AZ: Phoenix
    NY: Brooklyn
    NC: Chapel Hill

    Essentially, if you buy in a place right now near a good area that is has dropped by 50% or more, you are going to be safe for a long time to come. If you want to make money, pay a little more to be in a better area. Its a once in a lifetime opportunity as many intellegent people already mentioned regarding low rates, cheap prices, and government rebates.

    Russell Roesner
    Equity Coalition President
    San Francisco, CA 94121
    415 680 3454

    1. profile image48
      Philip_Figueroaposted 8 years agoin reply to this

      That sounds interesting. If you need to sell your property in 9 Days. Click the link below.

      Philip Figueroa


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)