Search results

I've been running the numbers for my part of West HB lately, and I have come to the conclusion that at least for the subset of homes I am interested in, it is in many/most cases less expensive on a tax-adjusted basis (with 20% down) for me to buy a home than it is to rent it. Shocking but true...

My favorite college econ professor had an interesting take on income taxes. His perspective was that looking at income taxes as a percentage of income shows only part of the 'fairness' picture. He asked us to also consider how much families were paying as a percentage of net worth as well. The...

This graph scares me more than anything I've seen in a long time... <img src="http://bp0.blogger.com/_PjI3CO6FhjU/SIkfaXUk7gI/AAAAAAAAAKw/aXTDpdNncN4/s400/chart_img.png" alt="" /> It shows that the interest rate for a "typical" home in OC has gone up from about 5.7% to about 6.5% since...

I was talking with my lender today and she informed me that for many loan programs, bonuses, comissions, profit-sharing and some types of overtime may no longer be considered as income for qualifying purposes unless they are "guaranteed" in writing. So, if you're getting anything other than...

"Frankly, I would like to see the tax rates recalibrated by MSA or zip code. If the Feds can do it for their employees, they can do it for the taxpayers. Obviously, someone making $100K in Oklahoma City has a higher standard of living than someone making the same amount in Los Angeles, and yet...

Beautiful.

<em>Many of middle-class families in OC are still stinging from being excluded from Bush's tax rebate program. While many of our friends got checks of up to $1,200, we got nothing. The reason? We made a bit too much money to be included and were summarily "phased out" of that particular gravy...