2.5 baths? 
What's that all about?
What's that all about?0.5 basically means a small area with a toilet and a sink (no shower or "real" bath)...also known as a "powder room", haha.
I am not sure if this is local or also true for US as a whole.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 678. (Read 26709706 times)
June 30, 2024, 12:05:59 AM
0.5 basically means a small area with a toilet and a sink (no shower or "real" bath)...also known as a "powder room", haha.
I am not sure if this is local or also true for US as a whole.
June 30, 2024, 12:01:15 AM
June 29, 2024, 11:39:50 PM
2.5 baths? What's that all about?
What's that all about? June 29, 2024, 11:31:29 PM
Apparently it's 60% for Chinese stuff and 10% for rest of the world stuff : https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Here is an issue you don't hear as to why housing is fucked up.
You are older say 67 (me) you purchased a house a long time ago say 1986 paid 100k it is now worth 750k
you get a 500k deduction if married when you sell it so 750-100 = 650 profit - 500k deduction = 150 profit taxed at 20% 30 k
So you think not bad.
But if your spouse died 250 deduction do the math above
750-100k = 650k - 250 = 400k x 20% 80k tax.
No rollover to buy. Ie you buy a 900k house which is more than 750k so you zero out. That is long gone.
the 500k deduction rule is 27 years old.
Tons of people are sitting on home that have gone from 200k to 1100k so 400k profits are taxable.
No one even mentions this issue.
My childhood home was sold for 225k in 1986 it is now worth 1.25 mill a million profit the owners are a mother and a daughter. They do not file joint they are limited to 250k so
1 mill - 250k = 750k 20 tax = 150k. even if they buy up. and moron Biden wants to raise that cap gain to 40%
so that home cap tax would be 300k.
Law is holding up sales from 1980-1995 purchases. Most homes gained a ton if they were held 29-44 years.
Housing market is in real trouble with that undersized cap gain deduction.
All of it is true, but more relevant if you sell.
If spouse inherits, she is not liable for any tax if she does not sell.
The will results in a step-up-basis up to the last owner's day value.
Besides, there are things like RLT if don't want probate.
I am sure there are ways to extract value if you don't want to sell like a reverse mortgage, etc.
However, the fact that they did not adjust it for inflation recently is weird as they started to adjust other things, like OASDI and non-taxable estate value (currently up to $13.61 mil, but supposed to go down to 5mil? in 2026).
The most egregious among all is the $3K allowable loss per year in investments.
The number is the same as in 1977 with 427% inflation since, so the allowable loss should be more like $15-16 thou.
yeah my wife and I are just under a 500k gain.
So we can take the profit. Downsize if we want. Or move to a larger home in a cheaper state.
checked this just for fun:
https://www.homes.com/houston-tx/under-500k/
June 29, 2024, 11:24:08 PM
Apparently it's 60% for Chinese stuff and 10% for rest of the world stuff : https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Here is an issue you don't hear as to why housing is fucked up.
You are older say 67 (me) you purchased a house a long time ago say 1986 paid 100k it is now worth 750k
you get a 500k deduction if married when you sell it so 750-100 = 650 profit - 500k deduction = 150 profit taxed at 20% 30 k
So you think not bad.
But if your spouse died 250 deduction do the math above
750-100k = 650k - 250 = 400k x 20% 80k tax.
No rollover to buy. Ie you buy a 900k house which is more than 750k so you zero out. That is long gone.
the 500k deduction rule is 27 years old.
Tons of people are sitting on home that have gone from 200k to 1100k so 400k profits are taxable.
No one even mentions this issue.
My childhood home was sold for 225k in 1986 it is now worth 1.25 mill a million profit the owners are a mother and a daughter. They do not file joint they are limited to 250k so
1 mill - 250k = 750k 20 tax = 150k. even if they buy up. and moron Biden wants to raise that cap gain to 40%
so that home cap tax would be 300k.
Law is holding up sales from 1980-1995 purchases. Most homes gained a ton if they were held 29-44 years.
Housing market is in real trouble with that undersized cap gain deduction.
All of it is true, but more relevant if you sell.
If spouse inherits, she is not liable for any tax if she does not sell.
The will results in a step-up-basis up to the last owner's day value.
Besides, there are things like RLT if don't want probate.
I am sure there are ways to extract value if you don't want to sell like a reverse mortgage, etc.
However, the fact that they did not adjust it for inflation recently is weird as they started to adjust other things, like OASDI and non-taxable estate value (currently up to $13.61 mil, but supposed to go down to 5mil? in 2026).
The most egregious among all is the $3K allowable loss per year in investments.
The number is the same as in 1977 with 427% inflation since, so the allowable loss should be more like $15-16 thou.
yeah my wife and I are just under a 500k gain.
So we can take the profit. Downsize if we want. Or move to a larger home in a cheaper state.
June 29, 2024, 11:01:15 PM
June 29, 2024, 10:31:49 PM
Apparently it's 60% for Chinese stuff and 10% for rest of the world stuff : https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Here is an issue you don't hear as to why housing is fucked up.
You are older say 67 (me) you purchased a house a long time ago say 1986 paid 100k it is now worth 750k
you get a 500k deduction if married when you sell it so 750-100 = 650 profit - 500k deduction = 150 profit taxed at 20% 30 k
So you think not bad.
But if your spouse died 250 deduction do the math above
750-100k = 650k - 250 = 400k x 20% 80k tax.
No rollover to buy. Ie you buy a 900k house which is more than 750k so you zero out. That is long gone.
the 500k deduction rule is 27 years old.
Tons of people are sitting on home that have gone from 200k to 1100k so 400k profits are taxable.
No one even mentions this issue.
My childhood home was sold for 225k in 1986 it is now worth 1.25 mill a million profit the owners are a mother and a daughter. They do not file joint they are limited to 250k so
1 mill - 250k = 750k 20 tax = 150k. even if they buy up. and moron Biden wants to raise that cap gain to 40%
so that home cap tax would be 300k.
Law is holding up sales from 1980-1995 purchases. Most homes gained a ton if they were held 29-44 years.
Housing market is in real trouble with that undersized cap gain deduction.
All of it is true, but more relevant if you sell.
If spouse inherits, she is not liable for any tax if she does not sell.
The will results in a step-up-basis up to the last owner's day value.
Besides, there are things like RLT if don't want probate.
I am sure there are ways to extract value if you don't want to sell like a reverse mortgage, etc.
However, the fact that they did not adjust it for inflation recently is weird as they started to adjust other things, like OASDI and non-taxable estate value (currently up to $13.61 mil, but supposed to go down to 5mil? in 2026).
The most egregious among all is the $3K allowable loss per year in investments.
The number is the same as in 1977 with 427% inflation since, so the allowable loss should be more like $15-16 thou.
June 29, 2024, 10:01:17 PM
June 29, 2024, 09:49:22 PM
Apparently it's 60% for Chinese stuff and 10% for rest of the world stuff : https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Housing being unaffordable has several causes, most of them are local and up to politicians, I don't know if Trump or Biden have any plans to improve on that.
Well I've followed a bit on the issue of housing insurance becoming unaffordable in Florida and Texas but not heard about a solution either. Here in France there is basically government backing for insurance, that ultimately everyone pays, so I pay a bit for that even though my house isn't exposed to any significant risk, but on the other hand it means that insurance is relatively cheap for everyone.
Here is an issue you don't hear as to why housing is fucked up.
You are older say 67 (me) you purchased a house a long time ago say 1986 paid 100k it is now worth 750k
you get a 500k deduction if married when you sell it so 750-100 = 650 profit - 500k deduction = 150 profit taxed at 20% 30 k
So you think not bad.
But if your spouse died 250 deduction do the math above
750-100k = 650k - 250 = 400k x 20% 80k tax.
No rollover to buy. Ie you buy a 900k house which is more than 750k so you zero out. That is long gone.
the 500k deduction rule is 27 years old.
Tons of people are sitting on home that have gone from 200k to 1100k so 400k profits are taxable.
No one even mentions this issue.
My childhood home was sold for 225k in 1986 it is now worth 1.25 mill a million profit the owners are a mother and a daughter. They do not file joint they are limited to 250k so
1 mill - 250k = 750k 20 tax = 150k. even if they buy up. and moron Biden wants to raise that cap gain to 40%
so that home cap tax would be 300k.
Law is holding up sales from 1980-1995 purchases. Most homes gained a ton if they were held 29-44 years.
Housing market is in real trouble with that undersized cap gain deduction.
June 29, 2024, 09:01:14 PM
June 29, 2024, 08:16:21 PM
When you are a "home team", a slightest touch is a penalty and 5 cm over the line is offside, even though the player himself did not score.
..sometimes all these VARs f-k up a beautiful game, imho.
Oh, well...was not particularly impressed with the ger team, though.
..sometimes all these VARs f-k up a beautiful game, imho.
Oh, well...was not particularly impressed with the ger team, though.
June 29, 2024, 08:01:15 PM
June 29, 2024, 07:01:18 PM
June 29, 2024, 06:05:14 PM
thunderstorm interruption during the game ger - dan
Looks a bit more like dan - ger. Yikes! June 29, 2024, 06:01:15 PM
June 29, 2024, 05:14:59 PM
Every single Bitcoin seed word has been leaked.
This is all of the bitcoin in the world.
This is all of the bitcoin in the world.
Yeah, right.
You are not going to believe this but... The seeds have been leaked since before Bitcoin was even invented.
If only I had an infinite amount of monkeys with an infinite amount of computers... All the Bitcoin would be mine.
June 29, 2024, 05:01:15 PM
June 29, 2024, 04:21:29 PM
thunderstorm interruption during the game ger - dan
That happened at a Kansas Chiefs game and they emptied the stands and cleared the field.
If they are going to stay out there they might as well play.
It would have been more entertaining me thinks.
June 29, 2024, 04:13:43 PM
thunderstorm interruption during the game ger - dan
wow
June 29, 2024, 04:08:17 PM
Your ignore list is still missing this pearl of a LOSER user? Your bad, AlcoHoDL...
FTFY, he probably did the same as I do when the posts are slow and hit the show button, I usually regret that decision.
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