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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (23825)	8/25/1999 6:40:00 PM
From: Les H	Read Replies (1) of 99985

The essential repeal of the cap gains tax for primary residences in 1997-1998 started the real estate frenzy. It removed the largest cost impediment for elderly to unload their homes and for people who have low equity and large cap gains (i.e., those who refinanced after the late 80's top) to unload their homes.

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