All Posts Tagged With: "profit"
Guess What? Social Security Has A Profit
You’ve probably heard that Social Security is going broke, not good news for most of those with hopes of a sane and fiscally-secure retirement. The reality is that for most households Social Security is a central source of retirement funding, especially as more employers have moved from defined benefit plans to defined contribution plans. But, [...]
20Oct2011 | Peter G. Miller | 0 comments | Continued
The Fake “Run” on Banks
Oh no, someone is proposing a “run” on the banks! Hide the children and womenfolk, or at least do what banks do and lose the mortgage note. “Incredible,” headlines the Washington Times, “Dick Durbin urges run on Bank of America.” “UNPRECEDENTED,” echoes Fox News. “Dick Durbin Tells Citizens ‘Get The Heck Out’ of Bank of [...]
12Oct2011 | Peter G. Miller | 0 comments | Continued
How Steve Jobs Would Have Fixed The Mortgage Mess
The passing of Steve Jobs came too soon. It didn’t matter if you were a fan of Apple products or not, no one would deny that Jobs radically changed the worlds of computing, music, movie animation and product design — and all for the better. Our condolences to his family and friends. Unfortunately, there’s no [...]
7Oct2011 | Peter G. Miller | 0 comments | Continued
Pawn Stars — How To Win At Haggling
If it’s true that American Chopper is a metaphor for the workplace then there’s little doubt that Pawn Stars is its retail equivalent, a place where each week viewers get a chance to see the odd, the interesting and the way business really works. With the economy the way it is — driven into the [...]
21Sep2011 | Peter G. Miller | 0 comments | Continued
FHA Banks Multi-Billion Profits, Seeks Less Success
First we learn that HUD will raise borrower costs and then we find out that the FHA program is already a multi-billion profit center for the federal government. On February 14th HUD announced that it is raising the annual mortgage insurance premium for new borrowers by .25 percent. That’s an increase of about $30 a [...]
27Feb2011 | Peter G. Miller | 1 comment | Continued
Will Rising Gas Prices Down Home Values?
About the last thing anyone wants to hear is that gasoline prices are rising. They topped $3 a gallon at year-end and the outlook for the future is hardly great: Several sources are predicting $5 gas by 2012. In a very-direct way gas prices have a lot to do with current mortgage rates, refinancing and [...]
3Jan2011 | Peter G. Miller | 0 comments | Continued
Mortgages: The Hearing Washington Won’t Have
Yesterday was the big showdown on Capitol Hill, Goldman Sachs versus the universe. The universe won. In testimony before the Senate Permanent Subcommittee on Investigations various officials from Goldman Sachs responded to an assortment of allegations and outrage regarding their part in the sale of mortgage-backed securities. In basic terms, the folks from Goldman explained [...]
28Apr2010 | Peter G. Miller | 0 comments | Continued
Mortgages, Foreclosures & The Disgrace of Journalism
It was long ago when I received a degree in journalism. I wanted to study journalism because it gave me an opportunity to travel and to meet interesting people. I have been a correspondent on Capitol Hill and at the White House, I have lived on an offshore drilling rig in pursuit of a story, [...]
14Mar2009 | Peter G. Miller | 0 comments | Continued
What’s The Profit On My Home Sale?
The profit from the sale of your home is more han just subtracting what you paid from the price you got when you sold. You need to consider: Have you rolled over any profits from a prior residence under the old tax rules? (See a tax pro for specifics.) What was the purchase price? In [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Tax Returns, Real Estate, Refunds and Rip-Offs
A big part of every real estate transaction involves taxes: You pay transfer taxes when you buy, property taxes when you own and more transfer taxes when you sell. There are also taxes on income earned from investment real estate and even capital gains taxes, though infrequently for the sale of residential property. Not surprisingly, [...]
20Aug2008 | Peter G. Miller | 0 comments | Continued
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