Short Sales, Taxes, Solutions

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Real Estate Agent with Real Living | At Home DC / MD / VA

Housing Wire

 

A local r.e. speaker who I know recently wrote this story on housing & tax codes.

I'll stay on the realtor side, and leave the economists and those steeped in the arcane tax codes of our country debate how to best get to a solution. But from a realtor perspective, it seems that many people are unable to sell, which hurts them financially (though I will stay away from who got hurt and who got taken care of in the housing meltdown), but also has been detrimental to entire neighborhoods.

Surely there is blame to go around all over, but I do believe that if tax laws were more encouraging, those homes and those homeowners who are unable to take action at the moment would be selling their homes to people who can afford to hold & maintain them. 

At the risk of opening up a debate with no clear cut answers, do you see a role for the government in this solution? I shudder as I ask the question, because I'd rather Uncle Sam stayed away from this and so many other issues, but this may be the best of less than optimal alternatives.

Posted by

Claude Labbe, Realty for Your Busy Life

Real Living | At Home
11 Dupont Circle #650
Washington, DC 20036
(202) 518-8781 bus / (703) 868-7774 mobile
claude@labbe.com

 

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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

It's a big cluster bang alright, and if I had to get specific in my blame it would sound like "Frank and Dodd", but then again we all elected the other idiots who voted and passed that legislation that I think led to the whole meltdown.  Okay, climbing down off the soapbox now... and back to looking for alternatives for my sellers who feel stuck.

Oct 19, 2014 05:26 AM #1
Rainmaker
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Claude Labbe
Real Living | At Home - Washington, DC
Realty for Your Busy Life

Tammy Lankford 

This may be the 1st election, where, being eligble to vote, stuck between foolish choices, I purposefully don't vote.  That's hardly an adult reaction.

But that does free me up to make more calls to the Hill.

Oct 20, 2014 12:09 PM #2
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Rainmaker
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Claude Labbe

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