Cynthetiq

I've been waiting for this moment so that I can buy some more properties, those people who bought on margin using their inflated equity to continue to fuel their extravagant lifestyles, cars, credit card debt reduction, vacations.

Before someone like kutulu says they hope that the investors get theirs, I'm going to say that I learned that investing in real estate is a long term investment. My family purchased properties and rented them out for a fair price and then sold them for a fair price. No expectations of "getting paid", "hitting the lotto", "striking it rich" were expected, just a modest gain above prime rate.

My current property in Las Vegas, I rent out for almost $200 less than all the comparables that have inflated the housing and rental market. I could ask for more, but it is already a fair margin above my costs and maintenance of the property.

If I was to be taxed at a greater amount, then I would not buy properties to rent out at a fair markup. I already see here in NYC just like other major metropolitans one either has to be extremely rich inc $200k+ or poor making less than $40k, with exceptions, pay penalties and allowances that cap can be pushed to $85k.

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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.