I just love this idea. What a great proposal Richard Weisser has come up with to save the real estate market. Tell me what you think. Coach Patti
A lot of real estate agents are speaking as if the door on real estate sales will be slammed shut if the federal tax credit for first-time homebuyers is not extended. And while this opportunity to collect cash has had a very positive effect on sales in the lower price ranges, it really hasn't meant much to sellers with homes valued in excess of $200,000.
My preference is to let this credit just go away. The expiration of the credit could actually lead us back to a true fair market, where buyers buy because they need a house rather than just trying snag a great deal with future profit potential.
I would like to propose an alternative remedy to help sale in all price ranges. My proposal would really create interest in buyers that could really stimulate the market, and it is the only remedy that I have even seen proposed that would actually correct the mistakes of the past.
The solution I am proposing is to make all down payment monies for a personal residence up to and including a cash sale an income tax deduction. Not a refundable credit, just a deduction against income.
This also would encourage buyers with both cash and significant incomes to get back into the market. It would lead us back to the days when more down payment was better, and smaller mortgages would prevent the short position debacle that we are experiencing today.
The higher end market would see an extensive boost in sales, and prices would stabilize. And once again, homeowners will be encouraged to have equity in their homes to cushion them against negative market forces.
So what do you think? A dollar for dollar tax deduction for down payments on a house sounds like a good idea to me!
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A lot of real estate agents are speaking as if the door on real estate sales will be slammed shut if the federal tax credit for first-time homebuyers is not extended. And while this opportunity to collect cash has had a very positive effect on sales in the lower price ranges, it really hasn't meant much to sellers with homes valued in excess of $200,000.
Is there anyone out there who likes to fail? I'm guessing there isn't, and yet some of the most successful people learn to fail their way to the top.
Think back to when you learned to ride a bicycle. With training wheels, it was easy and a good introduction, but you yearned to ride free. Then the training wheels came off…and things became more difficult! You were scared, but excited. You struggled to stay upright and endured the inevitable falls, bumps and bruises, and scrapes. You kept going. You looked forward to the time when you would succeed, when you would at last ride free on your own. So you kept at it and eventually mastered it. Once you were confident that you wouldn't fall, you started to add your own flair with one-handed and even no-handed riding. Wow, that felt powerful!
Am I truly committed?
Face it: you will fail. You will encounter defeat before you succeed. Look failure squarely in the face and see it as a natural part of the success process. Do not take it personally. It is not about you as a person being bad or good. Welcome failure as an unavoidable yet vital component in the quest to achieve your goals.















Next: strategizing for the future. Regardless of how you've done so far,
Wayne Gretsky said, "You'll always miss 100 percent of the shots you do not take." And "The fundamentals of the game are never going to change, but the things you're going to do, that changes."
I can hear you because I say it too; "Where did the year go? How did it get to be almost the end of June??"
A break and current assessment can refocus you on the most important actions to take to end 2009 as a winner.
To get ready for this session with yourself, review the numbers from the first half of the year. If you’ll take the time to do an in depth view of this, you’ll discover information to make and keep you profitable.