Wednesday, September 8, 2010

Real Estate: Asset or Liability?

With voting season approaching, it is an opportune time to consider the political principles (and the candidates that embody them) that protect the rights of property owners. Whether you find politics interesting or a nuisance if you are a citizen they should concern you and if you a property owner, it does effect you. For example, a single piece of legislation can turn your property from an "asset" into a "liability". If that happened what would you do?  What if you still had a mortgage to pay? One thing for sure- you will always have property taxes to pay... 

Generally speaking, the candidates who will support the rights of property owners will:
1. Fight for lower state spending, leading to balanced budgets and lower taxes.
2. Reject legislation that places more regulations and restrictions on the real estate industry.
3. Defend against new taxes that might hurt our business, e.g. capital gains tax, increased transfer tax, LLC Taxes, etc.

If you are a voter in New Hampshire, there is a website with candidate endorsements that embody these elements.  These endorsements are based on actual voting records for incumbents and survey responses from challengers.  The New Hampshire Liberty Alliance, chaired by Mark Warden, is dedicated to promoting Liberty in the State of New Hampshire.

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