Housing Allowance and Schedule A Double Dip. by Janet (Virginia) If mortgage interest and real estate taxes are deducted on Schedule A, is it also ok to include those same amounts in the housing allowance that is excluded from income? If so, is that not double-dipping?
Analysts said the decrease might be a harbinger of a double-dip recession in the housing market. According to the S&P/Case. of foreclosures that we haven’t seen yet,” he noted. So far, he said, the.
Retail activity was helped somewhat by the capital available on these lines of credit in 2007, so store closings were probably deferred. sales will rise to 13 million this year. In a double-dip.
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it’s not only unlikely that the recovery in housing will continue, but it’s likely to peter out and result in a double-dip backward slide. Why? Housing has risen too far too fast off its floor given.
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Actually, if it dips again in 2010 or 2011 it will be a TRIPLE dip. The recovery from the Dotcom bust was a farse so 2008 was the major double dip. It is fine with me, I will like the USA better as a third world country anyway. Reply Delete
Re: Double-Dip in Housing Lav There is a bit of a difference. Banks are not end users of money. They wholesale money as middle men, so to speak, and loan it to companies and hope to make a spread. banks originate and service loans, have an operating cost of 3-4%. And of course they try to make a profit for shareholders.
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The current economic climate did however work perfectly for the “double dip” in housing prices to take place. The FED did not “print money” but.
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"I think there is a chance there will be a double dip in the economy and in the housing markets, but I’m more concerned that we’re not out of the first dip yet. So we can’t even get to the second dip..