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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (35259)7/13/2005 1:32:59 PM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"You're pitiful. You have received years of income tax deductions for your Mortgage, and local Property Tax payments.
Message 21500959
. . . and unlike any other investment you will receive an exemption for $500,000 of your gains on sale.
Let's not forget to mention that your Mortgage interest rate was subsidized by prudent savers and over-burdened taxpayers.
Yet, after all of these lavish Federal subsides you still want more subsidies and more welfare from Uncle Sam. Oink, oink, oink.
You want those, with actual business skills, who made other prudent investments to pay for your welfare greed.
No doubt you feel entitled to more support from the American taxpayer to compensate you for your lack of business skills and mean selfish spirit. What you deserve is a public flogging."

I dunno about the flogging but the selfish greed is pretty accurate. Hey, how about leveling the tax playing field so something productive will have a chance as an investment...
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