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harmonicon

(12,008 posts)

5. You're definitely still looking at this the wrong way.

Reply to JDPriestly (Reply #1)

Mon Sep 24, 2012, 01:53 PM

Sep 2012

The sorts of numbers that these properties are worth are peanuts to him. Why did he sell those houses? Because selling them would make him some money apart from the value of the house, perhaps, or - this is a guess - he honestly thought that a guy with three houses would seem more like an average Joe to the voters than a guy with five houses.

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Mitt Romney: Richer Than You Think [View all] highplainsdem Sep 2012 OP

I wonder why Romney sold real estate in 2009. JDPriestly Sep 2012 #1

Maybe wanted/needed a loss to offset some massive gains? SoapBox Sep 2012 #2

Very possibly. If a loss reduced his taxable income, closeupready Sep 2012 #3

"without ending up better off materially." SoapBox Sep 2012 #4

You can not deduct losses on homes Angry Dragon Sep 2012 #11

Maybe he faced a pretty large tax bill because he had not paid in some years and then JDPriestly Sep 2012 #21

You're definitely still looking at this the wrong way. harmonicon Sep 2012 #5

Maybe he sold it to a crony at a lower value as graft. n/t eggplant Sep 2012 #14

No, that's not it at all, I doubt - these numbers are too small. harmonicon Sep 2012 #15

when you have that much money Dyedinthewoolliberal Sep 2012 #20

Of course he is. $$$$ offshore, plus hidden trusts and assets no doubt LuckyLib Sep 2012 #6

Please,please,please... amerciti001 Sep 2012 #7

What's a hundred million or so between friends? Bette Noir Sep 2012 #8

I think $378m is still way too low. I think he's probably a billionaire, and he is hiding his kestrel91316 Sep 2012 #9

$100 million here -- $100 million there nichomachus Sep 2012 #10

Hah! Helen Reddy Sep 2012 #16

If he doesn't have to disclose real estate holdings he may own a lot more.... Spitfire of ATJ Sep 2012 #12

He owns rental investment property in Missouri City, Texas aint_no_life_nowhere Sep 2012 #13

He is hiding proceeds of some pension funds he got for cents on the dollar off shore. julian09 Sep 2012 #17

Even most of the one percent can't relate to him daleo Sep 2012 #18

Romney is a multibillionaire. JRLeft Sep 2012 #19