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Politics : Politics for Pros- moderated

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To: John Carragher who wrote (144013)	10/21/2005 2:35:44 PM
From: Geoff Altman	Read Replies (1) of 793990

John The real impact would be on real estate itself. Without the subsidy of a federal tax break, it's a sure bet that people would be less eager to take out jumbo mortgages or bid up for luxury housing. That doesn't mean people would switch to renting or buy cheaper housing. It means the sales prices of houses would be likely to rise less, or at least less quickly. Tell me about it......I live in San Diego!!!! <g>

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