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: Lizzie Tudor who wrote (38976)	8/24/2005 9:57:41 PM
From: bentway	Read Replies (1) of 306849

As I said, most of the people getting jobs and building houses are illegals making maybe 25k a year in THIS boom, except for the RE sales and lending bodies. Contrast that with an equal number of 100k/year techies during the dot.com boom, with capital gains taxes on all the stock gains. The cap tax gains from this boom are lost to deductions, exemptions and 1031 exchanges. These deductions and exemptions were put in place before the housing bubbles. I think now that the government sees all this potential revenue being lost, the pendulum will swing back the against the RE interests. Of course, by the time it does, the party will be over anyway.

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