Quote:
Originally Posted by Taj44
Thanks Leaf for your comment. I think the key point you made is that we need to respect the opinions of people who post here, even if they do not happen to agree with yours. The whole IRS thing is very dicey, and no one knows what will happen. Yes it may only cost each property owner "a few thousand dollars", but did it occur to anyone that some people just don't have that kind of money? Then there would be a class action lawsuit that would drag on for years, etc.. not a good thing, but all this is conjecture at this point. We just do not know. But to imply that someone has an axe to grind, or is not busy because that person happened to share their concerns, is very disrespectful to say the least. AS far as a house being an investment, I think we've all learned that that is not the case, but you hate to see someone invest $300K+ in houses, as a lot of people are doing now, and see them lose their shirts in the event of an adverse IRS ruling. In my opinion, to keep them in the dark about the IRS investigation and its possible implications is unethical. People are grownups. They can see both sides and make an intelligent decision. At least they will be coming into this place seeing the whole picture, not the half picture painted by the commission paid sales people.
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The commissioned paid sales people are "keeping them in the dark"? I don't think
anyone understands the issue clearly, even the frequently changing IRS agents in charge.
How people post on this issue to me is very predictable. They post the same on almost all issues involving whether they think the Morses are someone they admire or someone they do not admire.
There are many people thinking to buy here, that maybe shouldn't be thinking to buy here or to relocate anywhere at retirement, because they can't afford it. I think that the range of home options is very democratic and affordable for most people, but it depends if they have prepared financially for their retirement, even if they stay where they are. Moving is a significant expense no matter what your financial status is.
I think that the number stated was less than ten thousand dollars, in fact far less than ten thousand dollars. IF, and again I say IF we had to shoulder the debt. Now that isn't chump change, but I am guessing and hoping that most of us have enough money put back for some bad thing to happen and thinking and hoping it would be a figure that would protect them from bad surprises of any kind.
One of the reason that this country is in such a financial mess is that people bought what they couldn't afford to pay for...even given bad surprises...for the most part. Just my opinion.