[DeTomaso] Fw: Fw: Fw: Fw: if only . . . .

Christopher Kimball chrisvkimball at msn.com
Fri Mar 9 18:13:36 EST 2007


I figured a 15% capital gains tax on the amount above basis plus the 250,000 
residence exclusion.

Chris


>From: "Will Demelo" <wdemelo at cogeco.ca>
>To: <detomaso at realbig.com>
>Subject: [DeTomaso] Fw:  Fw: Fw: Fw: if only . . . .
>Date: Fri, 9 Mar 2007 17:33:59 -0500
>
>A little different here in the North. Primary residence profits are capital
>gains/tax free.
>Nonetheless, whether it's cars or real estate, it's still a gamble.
>If you want to make money, guaranteed, do the exact opposite of what I do.
>Will
>
>----- Original Message -----
>From: "Christopher Kimball" <chrisvkimball at msn.com>
>To: <wdemelo at cogeco.ca>; <detomaso at realbig.com>
>Sent: Friday, March 09, 2007 5:20 PM
>Subject: RE: [DeTomaso] Fw: Fw: Fw: if only . . . .
>
>
> > Actually, in general, real estate returns between 4 and 5% annually, 
>over
> > time.  Just like in anything we all hear about the guy who bought
> > waterfront property for pennies and sold it for millions, but no one
> > mentions the thousands of people who lost thier shorts in various 
>housing
> > bubbles (say, California in the late '80's...)
> >
> > If you bought a house in 1950 for $25,000 and sold it today for
> > $1,000,000, and you're single, after taxes you would have made a 
>whopping
> > after-tax return of...(drum roll, please...) 6.5%!
> >
> > Chris
> >
> >
> >>From: "Will Demelo" <wdemelo at cogeco.ca>
> >>To: <detomaso at realbig.com>
> >>Subject: [DeTomaso] Fw:  Fw:  Fw:  if only . . . .
> >>Date: Fri, 9 Mar 2007 16:51:16 -0500
> >>
> >>My Father sold that $9500 property 2 years ago for $1.6mil.
> >>Cars are a gamble as an investment. Real estate isn't. Unless you are 
>me.
> >>I
> >>bought my first house in 1989. The absolute highest price one could pay.
> >>It
> >>took me 10 years to get my money back.
> >>Will (financial loser) D.
> >>----- Original Message -----
> >>From: "Larry - Ohio Time Corp." <larry at ohiotimecorp.com>
> >>To: "Will Demelo" <wdemelo at cogeco.ca>; <detomaso at realbig.com>
> >>Sent: Friday, March 09, 2007 9:54 AM
> >>Subject: Re: [DeTomaso] Fw: Fw: if only . . . .
> >>
> >>
> >> > Will,
> >> >
> >> > Pops bought his house in the bergs of Cleveland around 1950 for
> >> > $10,000.
> >> > Normal 50's bungalow on city lot. It is up for sale right now 100K.
> >> >
> >> > In 1970 I bought a 1966 Chevelle convertible, 6 cyl with blown trans
> >> > for
> >> > $15. I was very happy when I sold it for $375 a year latter. That was
> >> > until I saw one sell at BJ this year for 30K.
> >> >
> >> > Larry (my money goes down) - Cleveland
> >> >
> >> >
> >> > ----- Original Message -----
> >> > From: "Will Demelo" <wdemelo at cogeco.ca>
> >> > To: <detomaso at realbig.com>
> >> > Sent: Thursday, March 08, 2007 7:40 PM
> >> > Subject: [DeTomaso] Fw: Fw: if only . . . .
> >> >
> >> >
> >> >>
> >> >> Uhh, the planet earth. My father bought his first commercial 
>building
> >>in
> >> >> downtown Toronto for $9500 in 1963.
> >> >> Will
> >> >> ----- Original Message -----
> >> >> From: "Douglas Kelm" <dakelm at qwest.net>
> >> >> To: "Will Demelo" <wdemelo at cogeco.ca>; <detomaso at realbig.com>
> >> >> Sent: Thursday, March 08, 2007 5:31 PM
> >> >> Subject: Re: [DeTomaso] Fw: if only . . . .
> >> >>
> >> >>
> >> >>> On what planet was that?
> >> >>>
> >> >>> Doug
> >> >>>
> >> >>> ----- Original Message -----
> >> >>> From: "Will Demelo" <wdemelo at cogeco.ca>
> >> >>> To: <detomaso at realbig.com>
> >> >>> Sent: Thursday, March 08, 2007 2:46 PM
> >> >>> Subject: [DeTomaso] Fw: if only . . . .
> >> >>>
> >> >>>
> >> >>>> Let's not forget that one could buy a house for $6k in 1966.
> >> >>>> Will
> >> >>>> ----- Original Message -----
> >> >>>> From: "Jim Gray" <jim.gray at wnlic.com>
> >> >>>> To: "Adin, David" <DavidAdin at mercydurango.org>; "panteras"
> >> >>>> <detomaso at realbig.com>
> >> >>>> Sent: Thursday, March 08, 2007 3:35 PM
> >> >>>> Subject: Re: [DeTomaso] if only . . . .
> >> >>>>
> >> >>>>
> >> >>>> > There are a lot of those "what ifs".  I remember seeing an ad in
> >>one
> >> >>>> > of
> >> >>>> > the
> >> >>>> > car magazines in the late '60's where Delmo Johnson in Ft. Worth
> >>was
> >> >>>> > selling
> >> >>>> > his Grand Sport (one of only 5) Corvette, less engine, for 
>$5,800.
> >>I
> >> >>>> > think
> >> >>>> > the last time one of those actually changed hands recently it 
>was
> >>for
> >> >>> like
> >> >>>> > $3 mil.
> >> >>>> >
> >> >>>> > Jim "if only" Gray
> >> >>>> >
> >> >>>> > -----Original Message-----
> >> >>>> > From: detomaso-bounces at realbig.com
> >> >>> [mailto:detomaso-bounces at realbig.com]On
> >> >>>> > Behalf Of Adin, David
> >> >>>> > Sent: Thursday, March 08, 2007 2:17 PM
> >> >>>> > To: panteras
> >> >>>> > Subject: [DeTomaso] if only . . . .
> >> >>>> >
> >> >>>> >
> >> >>>> >
> >> >>>> > Just ran across this . . .
> >> >>>> >
> >> >>>> >
> >> >>>> >
> >> >>>> > http://www.thecobraferrariwars.com/files/16671557.pdf
> >> >>>> >
> >> >>>> >
> >> >>>> >
> >> >>>> > If I had seen this in 1966 life would have been quite different
> >> >>>> > (living
> >> >>>> > in a cardboard box down by the river sooner, I imagine.)
> >> >>>> >
> >> >>>> >
> >> >>>> >
> >> >>>> >
> >> >>>> >
> >> >>>> > Cheers,
> >> >>>> >
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