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Taking A Lesson From Greece: Don’t Tax Me More On My House — Wait, What House?

Tagged with:

government, taxes

Published May 3, 2010 at 9:28 a.m.

Great read from Sunday’s New York Times here — to avoid paying taxes, many Greeks apparently fib about what they own. Like they don’t tell the government they have swimming pools when in fact, they do, to avoid that tax — whose looking?We in the U.S., in Dallas specifically, never lie to the Dallas County [ ... ] ...

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Collin County Real Estate News: Frisco Goes Frigid Over Section Eight

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crime, government

Published Feb. 11, 2010 at 10:13 a.m.

Frisco residents are up in arms over the possibility that the growing-like-weeds City of Frisco may soon see Section 8 Housing, that is, low-income housing subsidized by the government for low-income wage earners. Often, when homeowners hear the words “Section 8″, they cringe, fearing lead-ballon-like drops in real estate values, increases in drugs, crime and [ ... ] ...

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Waste Control Specialists CEO William Lindquist Didn’t Dig Our Harold Simmons Story

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government

Published Feb. 8, 2010 at 4:42 p.m.

In the February issue of the “print product,” Laray Polk wrote a story about Harold Simmons and one of his companies, Waste Control Specialists (WCS). The story is titled “Dallas’ Evil Genius,” referring to the clever way in which Simmons has figured out how to get the federal government to pay him to clean up [ ... ] ...

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Ying and Yang: Bank Regulators Say No, Government Says Go

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government

Published Dec. 10, 2009 at 3:03 p.m.

This is what I am hearing over and over again: the credit crunch, which is stifling sales of homes over $417,000, is in effect in part because of the bank regulators, who work for the federal government. They are making lenders and borrowers  jump through all sorts of hoops to give or obtain loans. But [ ... ] ...

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Homes of Cards: FHA’s Reserve Ratio Dips Below Government Mandated Threshold

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government

Published Nov. 12, 2009 at 1:00 p.m.

Are we worried? With even more foreclosures on the horizon? By the way, I just read that one in four home buyers is interested in foreclosures. That’s the mentality that’s really hurting “normal” home sales.But most experts say no to worry, FHA has changed guidelines and rules and is actually check credit scores now.I guess [ ... ] ...

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Subprime Loan Meltdown: Goldman Bet It Both Ways

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government

Published Nov. 2, 2009 at 8:00 a.m.

Must read/see, this report by McClatchy Newspapers’ Greg Gordon, a five-month investigative report on how Goldman Sachs, otherwise known as Government Sachs, peddled more than $40 billion in securities on 200,000 risky home mortgages, but at the same time it was peddling these as investments, the company also bought $20 billion in insurance betting that [ ... ] ...

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Homebuyer Tax Credit Likely To Be Phased Out

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government

Published Oct. 27, 2009 at 4:51 p.m.

There are those who say the First Time Home Buyer’s Tax Credit has artificially boosted the market, that some in D.C. are afraid to pull the plug for fear of what may happen– an even softer market. Even more somber news: it appears that the the federal government is now securitizing 95% of U.S. home [ ... ] ...

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Dallas Real Estate: Extend First Time Homebuyer’s Credit?

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government

Published Oct. 23, 2009 at 2:30 p.m.

If you lower prices, homes will sell, especially if you give out tax credits and other gimmicks.Question: Should the government extend the first-time home buyer’s $8,000 credit? Tell us what you think? ...

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Breaking: Dallas-Based PlainsCapital Offers First U.S. Bank IPO in Two Years

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government

Published Oct. 22, 2009 at 1:42 p.m.

Further proof of how Texas is an island of stability in this recession: PlainsCapital Corp. is going public, to not only re-pay its government loans, but to increase revenue — though the Dallas-based bank and mortgage holding company has done extremely well with revenues increasing 30% over the last five years. PlainsCapital is the [ ... ] ...

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Federal Government Wants You to Lose Weight and They Want to Control Your Calorie Intake

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government

Published Sept. 16, 2009 at 11:44 a.m.

How many of you are aware of Bill 2726, a federal act aimed at chain restaurants with “at least 20” outlets to post calorie facts in plain view on their menus? If they don’t they get fined up to $1,000 per offense. The bill has already passed in California and Oregon and is currently before [ ... ] ...

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