Broker Associate #01142186
The Short sale tax forgiveness program is awesome but I am afraid that not enough home owners realize what it is...
NOW, the investors program is great, let them buy the homes and fix them up so people can get loans on them...The investors where here 10 years ago buying up everything,also. creating low inventory..they pay taxes on the income.
NOW the capital gains tax increase has already hurt the housing market as sellers will not be selling! I have had one instance already....
It is something that will play a role in our economy and real estate market as well as in our business, but it doesn't usually happen right away. By the time clients hear about these programs or new regulations, they are either coming due or have past.
I like to do my part in keeping my neighborhood up to date on all the latest from the news influencing their real estate market so that they can have the chance to act on it.
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax