Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Homebuilders
Date: Wed, 5 Jun 2002 08:33:52 -0400
Previous Article (by Author): Re: [CANSLIM] Homebuilders "Winston Little"
Top of Thread: [CANSLIM] Homebuilders Eric Jaenike
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My understanding is that the ROLLOVERS are gone!
A house seller POCKETS TAX FREE any gains up to $500,000 for filing =
jointly, half for single, if the home is principal residence for two =
years.
If occupied for less than 2 years, tax is due.
This is a BIG DRIVER for selling a house and moving on, even bigger than =
low interest rates.
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, June 04, 2002 10:17 PM
Subject: Re: [CANSLIM] Homebuilders
My personal opinion, for what it's worth, is that the group is =
collectively taking a breather and correcting / consolidating 18 months =
or so of steady gains. I see no diminishment in the reasons for past =
good performance at present, nor do I see that changing for another six =
months or so at least.
Capital gains can still be rolled over into a new house to defer taxes =
on the gains, but only if the new house cost basis is equal to or =
greater than the old. There is a new tax exemption permitting up to =
$250K in gains to be taken after occupying a house for three years, I =
think, without paying taxes.
----- Original Message -----=20
From: Winston Little=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, June 04, 2002 2:00 PM
Subject: Re: [CANSLIM] Homebuilders
House builders belong to a group with many regional participants. My =
understanding is that the largest of them handles 3% of the entire =
market.
A look at the top ten shows a share price roll off for the past month.
Question:
Is this the top of their major up cycle, or is it just a small cycle =
in a continuing up trend?
Interest rates are still low, the 1996 law allowing a seller to pocket =
gains TAX FREE continues, but "fear" continues.
----- Original Message -----=20
From: Eric Jaenike=20
To: canslim group=20
Sent: Tuesday, June 04, 2002 1:14 PM
Subject: [CANSLIM] Homebuilders
Looks like they're really starting to break down here.
Eric
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<DIV><FONT size=3D2>My understanding is that the ROLLOVERS are=20
gone!</FONT></DIV>
<DIV><FONT size=3D2>A house seller POCKETS TAX FREE any gains up to =
$500,000 for=20
filing jointly, half for single, if the home is principal residence for =
two=20
years.</FONT></DIV>
<DIV><FONT size=3D2>If occupied for less than 2 years, tax is =
due.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>This is a BIG DRIVER for selling a house and moving =
on, even=20
bigger than low interest rates.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, June 04, 2002 =
10:17=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Homebuilders</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>My personal opinion, for what it's worth, is =
that the=20
group is collectively taking a breather and correcting / consolidating =
18=20
months or so of steady gains. I see no diminishment in the reasons for =
past=20
good performance at present, nor do I see that changing for another =
six months=20
or so at least.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Capital gains can still be rolled over into a =
new house=20
to defer taxes on the gains, but only if the new house cost basis is =
equal to=20
or greater than the old. There is a new tax exemption permitting up to =
$250K=20
in gains to be taken after occupying a house for three years, I think, =
without=20
paying taxes.</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dwlittle1@peoplepc.com =
href=3D"mailto:wlittle1@peoplepc.com">Winston=20
Little</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Tuesday, June 04, 2002 2:00 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Homebuilders</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>House builders belong to a group with many =
regional=20
participants. My understanding is that the largest of them handles 3% =
of the=20
entire market.</FONT></DIV>
<DIV><FONT size=3D2>A look at the top ten shows a share price roll off =
for the=20
past month.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Question:</FONT></DIV>
<DIV><FONT size=3D2>Is this the top of their major up cycle, or is it =
just a=20
small cycle in a continuing up trend?</FONT></DIV>
<DIV><FONT size=3D2>Interest rates are still low, the 1996 law =
allowing a seller=20
to pocket gains TAX FREE continues, but "fear" continues.</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dericjaenike@yahoo.com =
href=3D"mailto:ericjaenike@yahoo.com">Eric=20
Jaenike</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim group</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, June 04, 2002 =
1:14=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
Homebuilders</DIV>
<DIV><BR></DIV>
<P>Looks like they're really starting to break down here.</P>
<P>Eric</P>
<P><BR>
<HR SIZE=3D1>
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=
href=3D"http://rd.yahoo.com/welcome/*http://fifaworldcup.yahoo.com/fc/en/=
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Previous Article (by Author): Re: [CANSLIM] Homebuilders "Winston Little"
Top of Thread: [CANSLIM] Homebuilders Eric Jaenike
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