Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
When you say "cover the interest they pay on the construction loan and close one month later" do you have a suggestion for how to phrase this to the salesperson who is selling the houses?? When I asked him if they would just close one month later, he said that Centex loses $700/day by having a finished house just sitting there. But it's not like we aren't going to buy it at the end of the month. ...

That's pure bull****. Centex is not losing $21K by delaying a move-in by a month. With interest rates in the low single digits, I doubt you're buying a multimillion dollar home. If you were, you wouldn't be worried about the capital gains tax nor contemplating being in the 10% capital gains tax bracket. Run the calculations yourself and then challenge the salesman to back up his claim with data.


Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.