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Does Wealth Depend Upon Where you Live? - 11.14.11 (Part 4) Real Estate Radio With Louis Cammarosano

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Uploaded on Nov 18, 2011

Ryan notes the existence a 3.8% tax provision on home sales in the Obama Care bill and discusses when such tax is applicable.Louis notes that the obama care bill is up for review by the Supreme Court.

Louis notes that the Federal government classifies high income earners in a universal manner and doesn't take into account regional differences. For example a couple making 200K in the Washington DC area is not as wealthy as a couple making $200k in Alabama. Ryan notes that adding taxes can only harm the real estate market.

Louis notes that people should not view their primary residence as an investment vehicle. Louis notes that if home owners are interested in flipping their homes they are not supporting the home ownership model as the basis for promoting home ownership is to encourage stable communities, not one where there is constant turnover due to incessant home flipping.

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