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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (31120)5/12/2005 2:15:24 PM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"The Housing Boom Expands"

Cut the flipper tax incentive and it's over...never should have been. I recall hearing that the powers that be are looking at the 2 year - 500k exemption right now.

Here's one for the blog. The bond market plays double dare yah with the economy. If rates rise far enough to slow Real Estate the rest of the economy will be in the gutter. So it never happens because the interest rate market knows it and buys bonds on any rise in rates. Slowing Real Estate will have to be done some other way. But the the number one rule of government is "once you give the money away, you have hell taking it back". Especially when it will put some overextenders out of their houses.
So the bubble continues.
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