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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (259355)11/10/2005 4:23:50 PM
From: tejek  Read Replies (2) of 1573198
 
Ted, A $500k home on the east or west coasts is a middle class home. Its the middle class that benefits from Clinton's break.

Not when Clinton passed it. The median price for homes along the coasts are now above $500K thanks in part to Clinton's tax break.

The boom didn't start with Clinton's tax breaks. The east and west coasts had booming housing markets well before the early 90s recession. In fact, CA's housing markets have been booming since the late 1970s. The major catalyst to the current housing boom: a shortage of buidable land. The second major catalyst: the lowest interest rates in 30 years. The third major catalyst: the baby boomers are at the peak of their earnings capability.

Who the Clinton law has most benefited? Retirees.....people who are selling out and moving into something smaller because the kids are gone and they are getting to old to maintain a regular sized house. And I am not about to begrudge retirees their nest egg.

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