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Democratic Strategist Julie Roginsky and FBN’s Dennis Kneale on homeowners in the Hamptons rush to sell their homes.
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However some fun with spare change to our -- repair -- -- contributor Julie did you -- our very -- Dennis deal -- This -- think that is Zealand.
Debt is supposed to be -- here right now but I think he's lost in the building somewhere.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- More than thirty big ticket property that's a lot this area from 12 to five million dollars will close.
Before the end of the year reducing their asking prices so is this a trend in rich areas everywhere this makes perfect you know you -- -- -- -- realized capital gains.
Why are well well.
Well.
-- -- It's not we're gonna talk about this camp is that what you're getting settled in yet so would you think I mean you you sell the property you realized capital -- at a lower rate.
And then does the -- like you wanna buy and hold assets is god forbid you make any money the government's gonna take it away from you would you them violence.
After Ukrainian profit net -- by no I think now you get out you holds but then for the buyer even make sense because they're gonna -- this great asset its price and then hold it for ten years on the planet actually what if -- -- -- you possibly can do all summer long -- can't -- your state in the Hamptons that's a great points what do you think it.
Oh yeah let's remember you know where I was at your old -- And -- Tell me where to go -- -- People here tell me where to go all the time I don't let us right I play out let's remember that the first I think it's 250000.
Dollars -- profit on your home sale is utterly and entirely.
Tax free so this is a problem really for the multi million dollar home town for the.
For the -- real -- bells -- are you what's the -- I mean are you ever gonna find a place -- returns entity.
And up but -- -- about the but the and that's a profit but the biggest thing that shows though.
Is that Warren Buffett is just.
Wrong and he -- or did always talking about when he said the New York Times.
That if you have a good investment decision dramatic you're not gonna make -- -- any change in tax policy and yet -- property and wealth manager who said.
That we are seeing one of the biggest intergenerational.
Transfers of wealth right now this month that estate lawyers wealth managers are filled up.
With people try to transfer millions to their kids before the taxes go up for the estate tax goes up.
Basically we could be looking at a private stimulus package happening -- real people a lot of walking -- the don't like -- you're talking about transferring 2.5 million dollar houses from one rich -- another expert right.
-- -- -- transferring transferring your your your buying stuff back -- but I don't let parents to give that to there.
Kitchen of the estate kept tax rate now at 35% anything over five million it goes to 55%.
On everything over one million dollars it take it's a horrible.
Isn't getting you series -- seems a little bit of a break I just ran twelve flights of stairs here to the twelfth -- any analytical analytical hundreds of complaint.
Until it mean my son another currency item but this time it's for Christmas the Starbucks metal -- will set you back get ready for.
In fifty dollars or eight Starbucks card the card itself costs fifty dollars and they load on 400 dollars but the -- getting back.
Starbucks is only making 5000 of them I wonder why I get this you can't even -- the -- instead you have to get them through gilt dot com.
Dennis what do you think.
You know -- it's -- four and fifty dollars for somebody it's gonna be for almost a full pair of Kristen Lovett pumps used.
It's not going to be for -- but all they looks importation really doesn't mean one culprit apologist told USA today that this is for the 1% not -- wanna be seen holding this car -- We press symbolic like -- -- days at Starbucks announced about we're just.
I don't know what loser is gonna -- break it might -- my gold -- and fifty dollars is just a lot also gonna have to get back little tip if you -- Ten cups of copy servants automatically get gold -- membership AM that's right will be highest profit margin won't be on the coffee it's going to be on the fifty dollar.
Outbreak that little slip of solid state -- he'll really costly and they -- -- accept women -- -- ringing bells for the Salvation Army and aspiring male actor says -- fired from his job before even showed up.
Because he wasn't guy he was told that quote young girls bring in more money than that -- He was told that another man was let go and at the Salvation Army was putting out act geared towards women.
Sleep on is that it's not legal but I -- I don't think it's legal I have to say going back circumcision last week I will still pay the -- -- money not to ring that -- I want you to stop with -- -- man -- in -- not anyone what do you -- down under these volunteers and if -- -- -- -- right about -- Such thing as discrimination among volunteers.
And isn't the main goal here to raise as much money as -- -- out for the needy their for the -- ought to be celebrating if attractive woman raised more money.
Don't bring recruits an attractive when I seem women -- about political guys just like Santa.
-- My mother mod did it she's out dancing and really got its -- on video -- aren't the and but the lack aren't just gathering in the belt aren't -- aren't I will give you money -- -- -- begging you are right aren't really god.
I'm nineteen year old girls don't look -- robbed a bank but you won't believe what she -- -- -- posted this video herself on YouTube.
Where she says she robbed a bank and she flashes the six grant.
It on the screen police arrest -- that's seen as she.
In the towel and Dennis would -- bank.
You know there's two approaches to crime right now there's the John look all right novel that says.
-- mastermind and criminals are super brilliant then there's Karl highest and who says the reason they're criminals is because they are stupid.
This woman proves the -- highest approach to crime.
I am -- Carl Tyson is good but the right.
Thank you spent wow I mean what by the way with the slow Moly I don't know like artsy there are only are you gotta -- -- all the -- we have for you today we found Dennis applicant or we'll see you back here.
