Housing.com News, Analysis & Opinion: Exit Wounds

This is hilarious. It's like those "tax repair" companies that promise to settle your IRS problems for pennies on the dollar, or debt consolidator fly-by-nights. The objective here is to try and convince a home owner why it's a good idea to sell, to pay these yo-yos to show them how.

You like the idea of selling, but HATE the idea of paying Uncle Sam significant taxes.

You are wondering if it ever a good idea to pay taxes? And what are the options for deferring, spreading, or even eliminating taxes?

The lack of punctuation just makes it. I'm sure we all would rather not be paying taxes, but I'd love to see the look on the faces of the people who buy into this crap when the IRS comes calling.

This is a fairly amusing symptom of a more serious problem...when the market was first beginning its incredible boom, there were tons of people who could slap a sign on the door and say they were "realtors," "appraisers," and "brokers." Now that the market is leveling off, these same people are trying to tell you how to get out of the situation they helped get you in.

Unsurprisingly, New York tops the list with a whopping $26.04 per square foot paid for the top-flight apartments. But San Francisco, widely cited as the barometer for the housing craze at times, is nudged out of the top three by Boston and Honolulu. This is due to the extreme premium on available land for development, no doubt. Not much room to grow on the islands.

Most of the top 10 is taken up by areas surrounding New York, like Northern New Jersey and Stamford, Connecticut. "A rising tide lifts all boats," it is said, and prices are no exception.

Interestingly, the Washington, D.C.-area market (which, in this poll's view, apparently includes Baltimore and most of West Virginia) doesn't even crack the top 10 as far as rent goes. I guess the $1600-$2000 for a 1-bedroom, 900 square-footer I've seen is not the worst it can get.

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Found via Patrick.net: GotExit? This is hilarious. It's like those "tax repair" companies that promise to settle your IRS problems for pennies on the dollar, or debt consolidator fly-by-nights. The objective here is to try and convince a home owner why it's a good idea to sell, to pay these yo-yos to show them how. This paragraph is one for the books: You like the idea of selling, but HATE the idea of paying Uncle Sam significant taxes. You are wondering if it ever a good idea to pay taxes? And what are the options for deferring, spreading, or even eliminating taxes? The lack of punctuation just makes it. I'm sure we all would rather not be paying taxes, but I'd love to see the look on the faces of the people who buy into this crap when the IRS comes calling. This is a fairly amusing symptom of a more serious problem...when the market was first beginning its incredible boom, there were tons of people who could slap a sign on the door and say they were "realtors," "appraisers," and "brokers." Now that the market is leveling off, these same people are trying to tell you how to get out of the situation they helped get you in. Needless to say, do not listen. Forbes has a breakdown of America's most expensive rental markets. The results aren't as predictable as you might think. Unsurprisingly, New York tops the list with a whopping $26.04 per square foot paid for the top-flight apartments. But San Francisco, widely cited as the barometer for the housing craze at times, is nudged out of the top three by Boston and Honolulu. This is due to the extreme premium on available land for development, no doubt. Not much room to grow on the islands. Most of the top 10 is taken up by areas surrounding New York, like Northern New Jersey and Stamford, Connecticut. "A rising tide lifts all boats," it is said, and prices are no exception. Interestingly, the Washington, D.C.-area market (which, in this poll's view, apparently includes Baltimore and most of West Virginia) doesn't even crack the top 10 as far as rent goes. I guess the $1600-$2000 for a 1-bedroom, 900 square-footer I've seen is not the worst it can get.