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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jason W who wrote (165)8/6/2001 10:20:02 AM
From: GraceZRead Replies (1) of 306849
 
I believe history will repeat itself

One really important difference between now and then (late 1980s) is that one of the drivers for the real estate boom in the 80s was a series of tax incentives that congress put in place with Ronnie's tax cuts. Congress took those away in 87-88 and it made investment real estate much less attractive. There was wholesale dumping in the inner cities after those tax changes.
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