#551 2017-10-20 18:08:05

GooberMcNutly wrote:

Baywolfe wrote:

...anything and everything not food related is already MADE IN CHINA.

What's more American than living in the land of milk and honey? How long ago was that outbreak of Avian flu?

EU Commission on Food Fraud wrote:

Top 10 products that are most at risk of food fraud
1 Olive oil
2 Fish
3 Organic foods
4 Milk
5 Grains
6 Honey and maple syrup
7 Coffee and tea
8 Spices (such as saffron and chili powder)
9 Wine
10 Certain fruit juices
Table 1. Is based on Spink et. al. and information from retail and branch organisations

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#552 2017-10-29 06:19:29

https://high-street.org/sidepic/trump.bird.sq.png


~ click ~

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#553 2017-11-02 13:56:25

The National Association of Homebuilders on Thursday ramped up its opposition to the GOP's tax plan.
    At issue is the mortgage-interest deduction, which will reportedly be capped on new mortgages worth $500,000.
    "We're worried about a national housing recession," Jerry Howard, the NAHB's CEO, told Business Insider.
    The group is concerned that middle-class homeowners may see their property values fall.

..so long tax break....

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#554 2017-11-02 14:57:22

Unless you live along the Left Coast or in New York City, average house prices seem to be around $200,000.  How many families does this really effect, and how many of those would not build a new home based on the cap?   And, how would this cause a housing recession, which is usually caused by banks getting really picky about who gets home loans?  If they want to argue it would cause a housing bubble due to limited available properties and that causes home prices to rise, okay, maybe.  We're in a major bubble right now in the Dallas area due to this already.  A big influx of people moving here has made a lot of home prices rise 50% over five years ago, ours included.

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#555 2017-11-02 15:13:00

With Republicans this divided, a president this unpopular and the Republican Senatorial advantage at merely two votes (and with a president who has ongoing personal battles with MORE than two GOP Senators)...I just don't see this passing.

Or if it does...if will be so watered down as to be inconsequential.

I'm a lone voice on this (most pundits give it a reasonable shot at success) but I just don't see how it survives when the coalition required to get it over the line is so fragile.

Last edited by Smudge (2017-11-02 17:27:48)

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#556 2017-11-02 19:13:23

Baywolfe wrote:

Unless you live along the Left Coast or in New York City, average house prices seem to be around $200,000.  How many families does this really effect, and how many of those would not build a new home based on the cap?   And, how would this cause a housing recession, which is usually caused by banks getting really picky about who gets home loans?  If they want to argue it would cause a housing bubble due to limited available properties and that causes home prices to rise, okay, maybe.  We're in a major bubble right now in the Dallas area due to this already.  A big influx of people moving here has made a lot of home prices rise 50% over five years ago, ours included.

Being retired, I know losing that home interest deduction will bite a chunk out of us,,,,,ouch!

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#557 2017-11-02 20:29:58

Mugwump wrote:

Baywolfe wrote:

Unless you live along the Left Coast or in New York City, average house prices seem to be around $200,000.  How many families does this really effect, and how many of those would not build a new home based on the cap?   And, how would this cause a housing recession, which is usually caused by banks getting really picky about who gets home loans?  If they want to argue it would cause a housing bubble due to limited available properties and that causes home prices to rise, okay, maybe.  We're in a major bubble right now in the Dallas area due to this already.  A big influx of people moving here has made a lot of home prices rise 50% over five years ago, ours included.

Being retired, I know losing that home interest deduction will bite a chunk out of us,,,,,ouch!

Sell your fucking $500,000+ house and come live with the rest of us.

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#558 2017-11-02 20:32:21

Baywolfe wrote:

Mugwump wrote:

Baywolfe wrote:

Unless you live along the Left Coast or in New York City, average house prices seem to be around $200,000.  How many families does this really effect, and how many of those would not build a new home based on the cap?   And, how would this cause a housing recession, which is usually caused by banks getting really picky about who gets home loans?  If they want to argue it would cause a housing bubble due to limited available properties and that causes home prices to rise, okay, maybe.  We're in a major bubble right now in the Dallas area due to this already.  A big influx of people moving here has made a lot of home prices rise 50% over five years ago, ours included.

Being retired, I know losing that home interest deduction will bite a chunk out of us,,,,,ouch!

Sell your fucking $500,000+ house and come live with the rest of us.

..No I understand it as I lose my deduction.....only 500K+ houses can claim it..

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#560 2017-11-03 01:17:52

choad wrote:

DC Happy Hour.

Loved it. Stole it.

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#561 2017-11-03 10:59:44

Mugwump wrote:

Baywolfe wrote:

Mugwump wrote:

Being retired, I know losing that home interest deduction will bite a chunk out of us,,,,,ouch!

Sell your fucking $500,000+ house and come live with the rest of us.

..No I understand it as I lose my deduction.....only 500K+ houses can claim it..

It's a $500,000 Cap, so, you're golden.  :-)

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#562 2017-11-03 11:40:50

Mugwump wrote:

..No I understand it as I lose my deduction.....only 500K+ houses can claim it..

If you are retired, why are you still carrying $500K+ in mortgage principle? It only affects the interest paid on principles over $500k. Even if you live in a million dollar house, if you only owe $400k, you can still deduct. And people who live in > $500K houses can probably find enough other deductions. Granted, that's a 2/2 in a big metro market, but I'm sure someone will offer bridge loans on the excess so that the first $499 is still deductible.

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#563 2017-11-03 12:39:10

GooberMcNutly wrote:

Mugwump wrote:

..No I understand it as I lose my deduction.....only 500K+ houses can claim it..

If you are retired, why are you still carrying $500K+ in mortgage principle? It only affects the interest paid on principles over $500k. Even if you live in a million dollar house, if you only owe $400k, you can still deduct. And people who live in > $500K houses can probably find enough other deductions. Granted, that's a 2/2 in a big metro market, but I'm sure someone will offer bridge loans on the excess so that the first $499 is still deductible.

I am not carrying a high principle, and have my ducks in a row financially........but in my current 'senior moment' I misunderstood the new cap......I figured he was just screwing the little guy again and the cap was for below the stated 500k......rewarding those over 500k with the break.....just read the new tax code proposal....we're just getting screwed in other ways...oh well...

...sorry for any confusion tho on my part......live and learn....

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#564 2017-11-03 14:21:36

Honestly, it surprised me that the exclusion was so low, coming from the Repubs. But then I remembered who carried the mortgages, his banker friends. So while they will trumpet about the low deductible, go over the bill with a fine toothed comb and you will probably also find extra powers being given to the banks and lenders to "secure" these mortgages and give them more power over the interest rates charged.

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#565 2017-11-03 15:32:42

https://high-street.org/img/hillary.confesses.jpg

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#566 2017-11-03 19:35:01

Stole that one too.

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#569 2017-11-10 21:25:15

Taxpayer piggy bank lets Congress settle sexual harassment cases in secret - I'm too tired at this point to try to come up with witty titles.

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#570 2017-11-14 08:11:01

https://media.boingboing.net/wp-content/uploads/2017/11/trump-mouth.jpg

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#571 2017-11-22 22:49:05


"Christ was a little God."

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