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 (3733)	8/1/2002 1:28:21 AM
From: Jim McMannis	Read Replies (2) of 306849

RE:"Who is on the public dole--renters vs. homeowners--is an interesting point to debate, but not without some figures about how much it's costing we the taxpayers ALREADY to house lower-income people in subsidized rentals." Revenue shortfalls have to be made up by taxpayers. All the tax bennies R.E. gets creates revenue shortfall. I imagine rent subsidies to the poor pale in comparison. Remember when Steve Forbes and some others were touting a flat tax, removing most all deductions? The Real Estate industry actually took out radio adds fighting the idea. There is pork and then there is big pork. Not to mention the Lawyers and Accountants who certainly don't favor a simplified tax code. Jim

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