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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Mike Johnston who wrote (25901)12/12/2004 10:13:06 PM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"Today, a two week interruption in the supply of credit or tightening of lending standards would have the same effect as that railway disaster."

The government will fight to the last not to let that happen.
For the same reason we will never see a flat across the board tax without deductions.
The RE industry would scream that any level tax system would trash the RE market, which it would. Unless of course all other cap gains taxes were eliminated.
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