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    Max

    Member
    February 25, 2025 at 9:35 pm in reply to: GCA Forums Headline News for Tuesday February 25 2025

    Big changes could be coming to real estate, and Trump’s budget proposal and DOGE initiative might just be the game-changer. From potential mortgage rate shifts to policy changes that could impact home prices, this plan could shake up the housing market in a BIG way.

    Will it make homeownership more affordable? Or will it create new challenges for buyers and sellers?

    https://youtu.be/MSCi656Q5Iw?si=sZMeI6UTMXY8uUuB

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    Max

    Member
    February 21, 2025 at 9:29 pm in reply to: GCA Mortgage Forums HEADLINE NEWS for Friday February 21st 2025

    Could the IRS really be abolished in 2025? After Donald Trump’s appearance on the Joe Rogan podcast, where he called the IRS a “stupid mistake” and hinted at ending it, speculation is running wild. My last video—where I explained how Trump could dismantle the IRS without passing a single law—racked up over 750,000 views, so I know you’re curious! Now, the big question everyone’s asking: Should you skip filing your taxes in 2025 if the IRS might disappear? Let’s break it down.

    About Me: I’m Anthony Parent, a U.S. tax attorney with over 20 years of experience. Full disclosure: my firm, IRSMedic, makes money preparing taxes, so I’ve got some skin in the game. That said, I’m transitioning into probate law and care about giving you the full picture—not just pushing tax prep revenue.

    What You’ll Learn in This Video:

    Filing for Refunds: If you’re owed a refund, you must file to claim it. You’ve got just 3 years from the return’s due date (or 2 years from when you paid the tax) to get your money—don’t let it slip away!

    Owing the IRS: Should you file if you owe money?

    Required for FAFSA (financial aid applications)—delaying could complicate things.

    Fiduciary duties to business partners or investors might legally obligate you to file.

    Cons of Not Filing:

    Penalties can pile up if the IRS sticks around (late filing + late payment fees).

    Good news? First-time penalty abatement could save you if you qualify—just don’t count on it if you’ve skipped filing before.

    Criminal Risk:

    The IRS Criminal Investigation Division indicts fewer than 1,000 people a year for pure tax evasion.

    Fraud (like fake Employee Retention Credits) is the real criminal trigger—not just skipping a return.

    Even if you file late in 2025 or early 2026, the odds of CID knocking on your door are tiny due to slow processing times.

    So some suggestions.

    Expecting a refund? File ASAP to secure it.

    Owe money? There may be not much harm in waiting – and filing later in 2025 or early 2026, especially if you’re eligible for penalty relief. However you will have to pay interest. There is no way around that.

    Stay Informed:

    This advice is based on current tax laws as of February 20, 2025—things could change! Always consult a tax professional.

    https://youtu.be/8tW0Vzk2RSQ?si=aFbqL-xOxIoonAeM

    https://youtu.be/8tW0Vzk2RSQ?si=aFbqL-xOxIoonAeM

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    Max

    Member
    February 21, 2025 at 6:06 pm in reply to: GCA Mortgage Forums HEADLINE NEWS for Thursday February 20th 2025

    There’s no President in the history of the United States that has accomplished as much as President Donald Trump has accomplished in the past 30 days. President Donald Trump has accomplished more since January 20th, 2025 than any U.S. President has accomplished in a 4 year term. From bringing DEI and wokeness to a complete end, to dismantling Transgender in schools, federal government, the U.S. military, and scholastic sports to an end, to stop paying for Transgender surgery in U.S. prisons, stopping illegal immigration, enforcement of border crossing, the creation of the Department of Government Efficiency, to dismantle Sanctuary Cities and States, and most importantly to aggressively after fraud, corruption, theft, and a complete cleanup of government agencies as well as abolish political corruption. 👍

    https://youtu.be/dan-9-Gti_A?si=2p7Q3m2Qs_vf6eDT

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    Max

    Member
    February 21, 2025 at 5:55 pm in reply to: GCA Mortgage Forums HEADLINE NEWS for Thursday February 20th 2025

    The health of the United States economy is not good. Thank God President Donald Trump got elected and in office. President Donald Trump will run our ill fated government like a business. It’s not how much you make but what you spend. Spending irresponsibly can bankrupt any private or government organization. Billions of dollars in taxpayer dollars is discovered spend recklessly, irresponsibly, fraudulently, without accountability. Tge Social Security Administration is set to run out of money by 2030, folks if something is not done to correct the huge deficit. Government agencies such as USAID, Department of Treasury which covers the IRS, Social Security Administration, the Federal Reserve Board, the U.S. Department of Defense, Department of Homeland Security,Department of Education, Department of Health and Human Services, the FDA, HUD, the Department of VETERANS AFFAIRS and hundreds of other federal government departments and agencies. Watch the attached video clip which is extremely informative.

    https://youtu.be/thxgdagttlU?si=yFQQoymFRlnDOtK9

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    Max

    Member
    February 21, 2025 at 5:43 pm in reply to: GCA Mortgage Forums HEADLINE NEWS for Thursday February 20th 2025

    President Donald Trump’s Department of Government Efficiency is saving at least $55 billion dollars 💸 💵 💲 🤑 💰 💱, at least. DOGE’S audit of federal agencies is revealing wasteful spending especially more government workers than remotely close to needing. Thens of thousands of government federal workers where most of them are listing and selling their homes in Washington D.C. This is causing a ripple effect and tanking prices of homes in Washington D.C. The Washington, D.C. housing market has reportedly plummeted following mass layoffs in federal agencies under the Trump administration’s Department of Governmental Efficiency (DOGE). With thousands of government workers losing their jobs or accepting buyouts, media outlets claim home values have dropped by as much as 20%. However, skepticism is warranted. Housing markets do not typically react this quickly, and many factors—such as rising interest rates and return-to-office mandates—are at play. While the layoffs may impact high-profile government employees, the broader real estate decline remains unproven. Some reports cite biased sources like Redfin and mainstream outlets with a history of exaggeration. Additionally, government jobs tend to refill over time, reducing the long-term impact. While economic uncertainty may slow housing demand, claims of a market collapse appear premature. The mainstream narrative pushing a doomsday scenario conveniently aligns with opposition to Trump’s downsizing efforts, making it more political than factual. DOGE is planning on firing tens of thousands of federal government workers.

    Watch the following video clip:

    Washington DC Housing Market Takes a Hit
    Is Doge to Blame for Market Decline?
    Return to Office Mandates: The Real Reason for the Surge in Listings
    Are Layoffs Impacting the Luxury Market?
    Skepticism About Layoff Numbers and Real Estate Impact
    Are These Layoffs Really Causing a 20% Drop in Home Prices?
    Limited Data: How Reliable Are These Claims?
    Will Layoffs Actually Slow Down the Housing Market?
    Conclusion: A Slowdown, Not a Plunge

    More homes in inventory vs demand means lower market value of homes.

    https://youtu.be/fMQ8Dc43l5o?si=wV7FWyUoUsbxSKaz

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    Max

    Member
    February 21, 2025 at 5:11 am in reply to: GCA Mortgage Forums HEADLINE NEWS for Thursday February 20th 2025

    2025 housing market forecast under the Leadership of President Donald Trump has mixed reactions. First, the housing and mortgage lending is not doing all that good. Mortgage Rates are soaring and at an all-time time high. Inflation is skyrocketing and out of control. Home prices are still 40% to 70% higher than it should be. Property taxes and homeowners insurance are at historic highs with no sign of correction. Now with Trump at the Helm, we are going to see mass deportation and mass firings of government employees which will lower housing demand and increase unemployment. Trump is tariffs happy and will be imposing high tariffs or which means higher cost of goods and services. The easiest and sure way to stimulate the housing and mortgage lending markets is to abolish the Federal Reserve Board. Doing so will immediately stop printing money and stop inflation and lower rates.

    https://youtu.be/drU9qELWGOE?si=-flxO3oxMkyQqh87

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    Max

    Member
    February 21, 2025 at 4:53 am in reply to: GCA Mortgage Forums HEADLINE NEWS for Thursday February 20th 2025

    Federal Reserve Board Chairman Jerome Powell said last week that he forsees insurance companies will not want to insurance homes in high risk areas such as wildlife prone areas like California and Hurricane prone areas

    One thing that is driving inflation which is a runaway inflation where the Federal Reserve Board cannot control is the FED needs to STOP printing money which will stop inflation. The way you have inflation under control is by abolishing the Federal Reserve Board and firing Jerome Powell.

    Mainstream media, as well as all of the puppeteers that are in charge of our nation are starting to wake up and realize that certain spots across the country are becoming uninsurable which ultimately means no Mortgage to buy a home in these areas. But what implications is this going to have on the housing market?

    https://youtu.be/SeeIiicyX2U?si=8g8elQrajwEOedUc

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    Max

    Member
    February 21, 2025 at 4:26 am in reply to: GCA Mortgage Forums HEADLINE NEWS for Thursday February 20th 2025

    Owning a home has NEVER been this expensive! 📉 Property taxes are up, insurance rates are soaring, and inflation is making it harder than ever to keep up with basic expenses. In this video, I break down why so many homeowners are struggling and what you can do to protect yourself.
    🔹 Skyrocketing home prices are leading to higher taxes and insurance.

    82% of homeowners regret their purchase—are you one of them?

    🔹 Single homeowners are struggling the most—here’s why

    🔹 Inflation is making homeownership harder than ever

    Whether you’re a current homeowner or thinking about buying, you need to know what’s happening in the housing market
    📢 Like, comment, and share if this video helped you!

    https://youtu.be/zkAX6GwPClg?si=OcZGbcRZEzBKBF06

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    Max

    Member
    February 21, 2025 at 4:18 am in reply to: GCA Mortgage Forums HEADLINE NEWS for Thursday February 20th 2025

    Illinois Gov. J.B. Pritzker delivered a stern message, naming both President Donald Trump and Tesla CEO Elon Musk in his State of the State address, as he said he is “watching with a foreboding dread what is happening in our country right now.

    https://youtu.be/hS66O1C7Gp4?si=Yba1gP4kdwME5jL_

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