Archive - July 31, 2012

1
Housing Has Not Bottomed. Three Things You Must Know.
2
Tips For Summer Jobs From The IRS

Housing Has Not Bottomed. Three Things You Must Know.

David Wessel of Wall Street Journal wrote that housing had bottomed. He is wrong. The housing bulls base their claims on past high water mark metrics which are irrelevant because fundamental structural changes occurred to corrupt the value of those metrics.

During 1984-2009 borrowers used “Easy Qualifier” loans to qualify if they could not otherwise qualify for a loan. Those loans have been outlawed so much of the past data of consumer behavior is not relevant. This means that historical ratios like rent to price or rent to income have fundamentally changed and can’t be used to compare with the …

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Tips For Summer Jobs From The IRS

With summer in full swing, many young folks are working in temporary jobs for the summer.  There are a few things that you need to know about these temporary jobs that the IRS (and I!) would like you to know.  Recently the IRS produced their Summertime Tax Tip 2012-13, which provides important information for students working in summer jobs.  I have added an extra couple of tips after the original IRS text that may be useful to you as well.

The original text of the Tip is below:

A Lesson from the IRS for Students Starting a Summer Job

School’s …

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