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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (129434)12/10/2000 3:08:16 PM
From: Jim McMannis  Read Replies (1) of 1570552
 
RE:"Where the inflation would be seen is in the housing markets themselves, and like I said before, the only markets that have seen inflationary increases are those with significant labor growth and/or restrictions on housing production"

Housing prices have risen substantially but you must also remember that it takes labor and materials to build new houses...therefor increases in wages and materials...
Not all that money goes back into housing though...it could have gone into the markets...causing an inflation of it's own or say into extra leisure time, travel SUVs, whatever...
Nothing acts in a vacuum...
Surely you agree that a tax elimination on pent up Real Estate value is a major inflationary factor...no?

Jim
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