Printer Friendly

LOCAL REALTOR HAS A FEW SUGGESTIONS OF HIS OWN FOR CLINTON

 WARREN, Mich., Feb. 9 /PRNewswire/ -- One of the nation's top real estate agents has a few suggestions for President Clinton on the eve of Clinton's Detroit "Town Hall" appearance on WXYZ-TV (Ch. 7).
 Ralph R. Roberts, Michigan's perennial top real estate salesperson, hopes that Clinton will be sensitive to the real estate industry's need to spur sales in 1993. Roberts is president of Ralph R. Roberts Real Estate, Inc. in Warren.
 "I liked Bush's plan to offer a $5,000 tax break incentive for first-time home buyers," Mr. Roberts said, "but why limit it to first- time buyers? My suggestion would be to offer incentives to anyone who wants to buy a house this year! Not only would this help the economy in general, but it would also encourage construction of less expensive homes -- something that has been lacking recently. It would also establish better neighborhoods because home ownership, rather than renting, has always proven to be better for growth, beauty and a sense of belonging. Home ownership also serves as a passive deterrent to crime, since home owners are less likely to commit crimes in a community where they live and make mortgage payments."
 Capital gain cuts, tied into higher taxes for the rich, could be passed through Congress by Clinton. This would encourage investors to sell and buy other, newer properties. This spreads the wealth and encourages new construction.
 Mr. Roberts feels that Clinton's plan to require small businesses to pay for health insurance will provide a pool of insurance. Yet Clinton would most likely tie that increase to other incentives for small business in the form of tax breaks for training of employees, hiring re-trainees from other professions, etc. Any boost in small business will increase commercial and industrial sales and leasing and help the real estate industry.
 Mr. Roberts also feels that the anticipated increase in interest rates is a blessing in disguise. "It will encourage people to buy now, before rates go higher. It will also eventually encourage some housing price increases and allow homeowners an equity increase. Since 70 percent of most American wealth is in home equity, it would encourage 'moving up' to that next home."
 Finally, and most controversially, Mr. Roberts supports the step-by- step dismantling of the 1986 Tax Reform Act. Without question, Mr. Roberts argues that it was this one act which led to the drop off of commercial investments, which in turn led to loans unpaid and the subsequent collapse of financial institutions. "The American public is paying billions of dollars for the S&L bailout," Mr. Roberts reminds us. "Clinton need only look at tax reform to see that, if incentives are minimized, then investments decrease and have the opposite effect of trickle down un-investment."
 In summary, Mr. Roberts said that with Clinton's 57-43 majority in Congress and a psychological boost being given by the "new way - new answer - new growth" philosophy, Clinton has a tremendous opportunity to give business and real estate the incentive to move forward.
 -0- 2/9/93
 /CONTACT: Dennis R. Green or Carol Gardner of The Dennis Group, 313-851-8134, for Ralph R. Roberts Real Estate/


CO: Ralph R. Roberts Real Estate, Inc. ST: Michigan IN: CST SU:

JG-ML -- DE002 -- 4451 02/09/93 08:15 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 9, 1993
Words:543
Previous Article:FOURTH-QUARTER HOME SALES RISE IN 46 STATES, NAR REPORTS
Next Article:1993 DIRECTORY OF SENIOR MEDIA PUBLISHED
Topics:


Related Articles
NATIONAL ASSOCIATION OF REALTORS COMMENTS ON SASSER PROPOSAL
NAR STATEMENT REGARDING EFFORT TO RAISE U.S. HOME OWNERSHIP RATE
HOME OWNERSHIP KEY TO KEEPING AMERICA STRONG: CLINTON
Statement by Art Godi, President of the National Association of Realtors on Capital Gains Proposals
Realtor-police partnership for safety.
MY REALTY COMPANY.
Michonski honored Jan. 17. (Transcripts).
83rd annual Realtor Banquet voted a huge success.
83rd Annual Realtor Banquet a phenomenal networking event.
Bronx Manhattan North Association of Realtors 83rd Annual Banquet: a phenomenal networking event.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters