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 (35243)	7/13/2005 11:55:17 AM
From: Jim McMannis	Read Replies (2) of 306849

RE:"It takes great leap of logic to describe real estate appreciation in a primary residence as "unearned income subject to tax" in the same way stock gains are called "unearned income." When a person invests actively in a market, one expects to make money and pay Uncle Sam. When one buys a home, what happens to the value is beyond one's control. Too many older Americans who vote have been sitting on high home equity to allow their elected representatives to take a big chunk of it away when it's time to sell." I'm sorry but this makes no sense.

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