Posted on 01/04/2018 9:00:13 PM PST by Kevin in California
Sounds like you made a good investment. You could turn it into a rental. Rent it for 3 years & then sell it. You would still get the exclusion for 2 of the last 5 years & make some money in the 3 rental years.
The interesting part is we really didn't see home ownership as an investment. We wanted to raise our only child in a good neighborhood and with good schools. Now that our child has graduated from college, been working for almost 3 years, has moved out of state, and we retired in the middle of 2017, there is little reason to remain in California (other than for the weather).
Have you considered insurance fraud?
On a lighter note, when you retire you could owe taxes on your property in ND and MN, because the property is still in ND and MN (again it depends on what their state law is). Doesn't matter in which state you reside.
And I am an accountant, but recommend you speak to an accountant familiar with the tax laws in those states.
“Tom comes up in the pizzagate memos. It would be a fantastic spotlight to have him declare he is running for president.”
From an older thread
Oh I am flying out to the east coast on my Learjet with pasta sauce and an extra big juicy plate of delicious nuts for us..! Can’t wait to jump in the pool with those KIDS...!”
Mrs. Tom Steyer
So Mrs. Steyer, you’re a Pedophile.
Pizzagate emails...
There’s two types of Californians-billionaire’s and homeless!
There’s two types of Californians-billionaire’s and homeless!
California is a conundrum.
I’ve visited many, many times on business and otherwise, but I live about as far away as possible - my closest “different place” is Quebec.
Parts are still nice. SF bay is still beautiful.
But two trends are obvious to a visitor:
First, the signs. Everywhere. “The State of California has determined that soup causes cancer (joke)”. But seriously. Who keeps putting up all these idiotic signs, and why?
Second, the explosion of the underclass. What on earth do the people in Pacific Heights make of this? When I lived in Central Brooklyn in the 1970s it felt like a war zone, normal people were under siege, something had to be done and eventually was (Rudy).If I had a gorgeous Victorian with a nice view of the Bay, getting hassled every time I went to start my car and having to put a vintage NYC 1970s “No radio” sign in the window would make me crazy. How do teh people now running California deal with this?
I recently saw a commercial paid for by Steyer in which he was demanding Trump’s impeachment. This was on a TV station in PA.
It seems to me the #1 problem with California are illegals. Yet the bums they keep electing into office keep betraying the people, putting their lives at risk and once again bowing to these criminal foreign invaders. Have you ever seen the most wanted criminals in Los Angeles? I would say probably 95% of them are illegals........
http://www.lapdonline.org/all_most_wanted
Think of the cost in victimization alone not to mention the cost of police man hours and prison costs, it’s absolutely unbelievable to mean that a sc*mbag like Jerry Brown could declare California a sanctuary state after all the crimes, the deaths, the murders and this PUNK is protecting these criminals? Whatever happened to the law “Harboring a criminal”?? The law is blindingly clear.......
“8 U.S. Code 792 - Harboring or concealing persons
Whoever harbors or conceals any person who he knows, or has reasonable grounds to believe or suspect, has committed, or is about to commit, an offense under sections 793 or 794 of this title, shall be fined under this title or imprisoned not more than ten years, or both.
(June 25, 1948, ch. 645, 62 Stat. 736; Pub. L. 103–322, title XXXII”
https://www.law.cornell.edu/uscode/text/18/792
“...an offense under sections 793 or 794 of this title...”
-
793-Gathering, transmitting or losing defense information
https://www.law.cornell.edu/uscode/text/18/793
794-Gathering or delivering defense information to aid foreign government
https://www.law.cornell.edu/uscode/text/18/794
Hmm... so that may pertain to Hillary. But I always thought anyone who protected or hid a criminal is subject to prosecution. I’m not talking about someone who was already convicted and released, I’m talking about someone who is wanted. A foreigner who sneaks into the country has committed a crime, and therefore I would assume according to our laws, he should be brought to justice but is not because he or she is protected by politicians. Well, isn’t that harboring a criminal? If someone robs a banks and makes his get away and I tell him “Here, come in my house and hide” I’m pretty damn sure I would be arrested. So what is the difference between that and what someone like Jerry Brown just did by making California a sanctuary state?
We took out time, drove across the country and saw the sights.
We got to the bay area and immediately saw the degeneracy. Homeless people in GIANT packs. Needle drop boxes at the Safeway. A carton of orange juice was $6 at the grocery store (in late 1990s money). I was young, my tolerance for such things was much higher too.
We looked at two apartments and I said, "I can't live here".
The whole vibe of the place was just bad. Really, really bad.
My point--it's been a degenerate, disgusting sh*thole for decades. Now it's just a third world degenerate disgusting sh*thole.\ with a bunch of uber nazi SJWs running around telling anyone with a spark of normalcy how they need to get in line with the program(ming).
Here’s the guy I was talking about......
https://nypost.com/2017/12/31/broke-guy-who-sold-family-blanket-for-1-5m-has-new-troubles/
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.