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A Democratic Victory...and the Costs
Original post made
by Property Owner
on Apr 22, 2008
Today, I informed someone, who bought a house from me, in Palo Alto, that she will need to pay off the note, according to the original optional terms, becasue I am not willing to risk a rise in the capital gains rates. She seemed to be shocked that I was calling the note. I asked her why, since she had signed the original, and very fair agreement. She said she did not think that capital gains rates should matter. They do. I just called her note. I will protect my family. We built that hosue with our own hands, sweat and risk. We lived there for a decade.
She happens to be a big supporter of Hillary. That is her choice. I am worried that Hillary or Barack will win, so I made my choice, for very logical reasons. I am not happy about this, nor is she, but reality demands realistic action.
Elections have consequences.