The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (3682)	7/30/2002 12:21:10 PM
From: Jim McMannis	Read Replies (2) of 306849

RE:"That cap gains tax break would have to go back 150 years or so to prove your point." No, just take the last one. the 250/500k exemption. Sure you had been able to trade up or got a one time exemption of 100k at 55 but these were pikers compared to the 1997 act and had been factored in. The markets are currently factoring in the 1997 act. Common sense suggests that the price of RE would adjust up 20%. The amount of the the tax break. But something else happened. A greater fool, pyramid scheme which will result in a boom bust. Tax breaks are simply inflationary in nature anyway. Jim

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