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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (172025)7/19/2003 2:19:59 PM
From: Jim McMannis  Read Replies (1) of 1576723
 
RE:"But let me assure you, the current bubble like condition in the housing market is not from this law and does not extend to all markets in the country. In fact, not one analyst has attributed current conditions to this law. Instead, the blame is placed on demographics and weakness in the stock markets"

Let me assure you TED, you are wrong. That law has a lot to do with inflating home prices. Of course there are other factors...and so areas are hotter than others.
The ability to cash out tax free is a good incentive to move...and where to they move? Florida, Arizona...where ever the rainbow ends.

The law IS a federal law and extends therefore to every state...doh.

Lets take the caps gains off stocks and see what happens to the stock market.
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