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+--- Thread: Asking investors to leave, please (/showthread.php?tid=7012)
Asking investors to leave, please - John S. Rabi - 03-14-2010
Interesting article in the West Hawaii Today. http://westhawaiitoday.com/articles/2010/03/14/features/features02.txt
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
808.327.3185
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
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RE: Asking investors to leave, please - DanielP - 03-14-2010
Like closing the barn door after the horse has gotten out. Pretty naive thinking behind that bill.
RE: Asking investors to leave, please - missydog1 - 03-14-2010
Thank you John. Ouch! I think that's a terrible idea. Sometimes people need to put their money somewhere for the short term. If the market happens to go up and they have a net gain after the buying and selling costs, why grudge them? No one is there to make up their loss when they sell in a down market and lose a chunk of investment money. It's not always "flipping." It could be that having a rental doesn't work out, or they want one somewhere else, or it's a vacation rental that's not profitable. Or the person just needs the money liquid again. Capital gains tax is enough without a penalty tax.