To: Tradelite who wrote (32909) 6/8/2005 5:16:46 AM
From: Elroy Jetson Read Replies (3) | Respond to of 35971
You seriously believe that the free-market is incapable of providing housing for the population of this nation -- without priority interference from the parasites in your home town of Washington D.C.?
You claim we would all be living in apartments in the absence of heavy Federal subsidies? Amazing!
I've always thought you were a cross between a self-promotional loon and a bureaucratic toad, but you've really hit a home-run this time.
Seriously, if the federal government hadn't made homeownership a priority and matter of public policy for the U.S. many years ago, we'd probably just have more and more people trying to cram into a diminishing supply of apartment buildings. - Tradelite
And this statement is the absolute epitome of economic ignorance . . .
"Equilibrium" in a real estate market does not refer to price. It refers to a balance between supply and demand. - Tradelite
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To: Tradelite who wrote (32909) 6/8/2005 7:13:37 AM
From: Mike Johnston Read Replies (1) | Respond to of 35971
Equilibrium" in a real estate market does not refer to price. It refers to a balance between supply and demand.
In a free market economy supply and demand are always balanced, at a certain price.
Seriously, if the federal government hadn't made homeownership a priority and matter of public policy for the U.S. many years ago, we'd probably just have more and more people trying to cram into a diminishing supply of apartment buildings.
Are you saying that without Fannie Mae and tax breaks people would be living in apartments ?
I say, just the opposite. Many more people would have been able to afford a home, without being crowded out by speculators and housing inflation.
Government intervention into an economy always creates distortions and artificial shortages which in the end increases the price and lowers affordability.
That is why socialism was rejected in many countries recently after a failed economic experiment.
If not for a failed government policy many of today's apartment dwellers would be able to move into a home at an affordable price.
To: Tradelite who wrote (32909) 6/8/2005 8:23:59 AM
From: Mike Johnston Read Replies (2) | Respond to of 35971
Short-term monetary and fiscal policy have little to do with long-term population and wealth gains which have caused a diminishing amount of land to be sought after by an increasing number of people.
Population of this country has been increasing for decades, many times at higher rates, without creating 100% increases in housing prices.
A lot of current demand is artificial. Multiple housing units are bought for speculation with money provided by past inflation. How many homes does a person need to live in? Two, five, seven ?
Do not confuse wealth with inflation. Rising house prices do not create wealth. Period.
To: Tradelite who wrote (32909) 6/8/2005 1:56:17 PM
From: kikogrey Read Replies (1) | Respond to of 35971
If the government had not interfered perhaps my daughter and her husband could at least afford a condo (this is Los Angeles). The fed's reckless policies and "innovative" financing have pushed absolute dumps up into the $400-$500,000 range. As I pointed out to my daughter yesterday, my parents owned their own home and my dad was a welder and my mom an unemployed housewife. My daughter works and her husband is an attorney. Downward mobility (at least in this part of the country) brought to you courtesy of Greenspan and company.
To: Tradelite who wrote (35260) 7/13/2005 12:33:08 PM
From: redfish Read Replies (1) | Respond to of 35971
Lol, that is taking things a bit too far. I am playing the world's smallest violin for the oppressed homeowner who doesn't get a tax break on his new granite counters.
As if renters were rolling in tax breaks ...
When the revolution comes the granite counter people will be the first ones up against the wall.
To: Tradelite who wrote (35260) 7/13/2005 12:56:18 PM
From: Elroy Jetson Read Replies (1) | Respond to of 35971
You're pitiful. You have received years of income tax deductions for your Mortgage, and local Property Tax payments.
. . . 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.
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To: Tradelite who wrote (35260) 7/13/2005 1:29:18 PM
From: Mike Johnston Read Replies (2) | Respond to of 35971
How about taxpayers who rent.
They are subsidizing windfall profits for homeowners in 2 different ways:
1. They pay higher income taxes so that government can give housing speculators their 500K break.
2.As taxpayers they are on the hook if GSE's go bust, so that socialist housing finance system can be maintained.
Nobody likes paying taxes, but why not make them fair.
Why not eliminate taxes on stock market profits and savings ?
To: Tradelite who wrote (35260) 7/13/2005 1:32:59 PM
From: Jim McMannis Read Replies (1) | Respond to of 35971
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... |
