Asking investors to leave, please

[John S. Rabi]

Interesting article in the West Hawaii Today. http://westhawaiitoday.com/articles/2010...ures02.txt

Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
808.327.3185
johnrabi@johnrabi.com
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"

[DanielP]

Like closing the barn door after the horse has gotten out. Pretty naive thinking behind that bill.

[missydog1]

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.