Lee Ginsburg

Positives of This Economy!!!
March 27, 2009 · · 5 Comments

JEvery Negative Has a PositiveJ
Positives of This Economy

1.     Bay Area Housing Affordability has gone from 16% to 38%

2.     Debt of Americans is Decreasing.

3.     A Large Increase in People Volunteering.

4.     A Large increase in Military Enrollment.

5.     First Time Home Buyers can get an $8000 Tax Credit.

6.     Buyers of California New Homes can get a $10,000 State Tax Credit.

7.     People are able to modify or refinance their loans to an affordable payment.

8.     Businesses have the opportunity to clean up their books and start fresh.

9.     Great Opportunity to Purchase a new car or any other major purchase.

10.  Tax on Debt Forgiveness is waived. 
   
And one of my favorites; you can Buy any Foot Long Sub for only $5.00

Please add to this list of Positives
www.leesellsmore.com

How to Apply “Free Money” Wisely Toward a Home Purchase?
February 22, 2009 · · 5 Comments

In my previous blog, “Stimulus Package – What It Means to Bay Area Homebuyers”, some prospective homebuyers and comments  have expressed that the $8,000 tax credit in the Stimulus Package is “just not enough” to stimulate them to get off the fence.  Understandably, the incentive seems too insignificant when we are talking about an average housing price of $500,000 in the Bay Area. 

On the flip side of the coin, $8,000 is unarguably a substantial amount of money – don’t we all wish to have an extra $8,000 in our bank account?  Since a tax credit is a dollar for dollar reduction in income taxes (e.g. if you have $8,000 tax credit, you will pay $8,000 less tax that year regardless of your tax bracket), it is essentially like “free money”. Therefore, for someone who intends to purchase a home this year, there could be a number of ways in which this money can be wisely applied toward the purchase.  Here are some examples: Read more