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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (263604)	12/6/2005 9:11:23 PM
From: Jim McMannis	Read Replies (1) of 1572780

RE:"You are saying that the appreciation is real estate is entirely due to the threshold on home sale capital gains passed during the Clinton administration (Republican congress?)." No, not at all. There are other powerful factors as well. Low rates, easy money etc... Easy Al Greenspan...no faith in the economy...lowered rates too far after 2000 and y2k. GSEs taking on tons of potentially bad mortgage debt sodl to them by mortgage companies. RE:"Bush often brags about record home ownership during his admin... should he be giving the credit to Clinton?" It digs in my gut when I hear Bush take credit for it. What a turkey. I wouldn't give credit to Clinton either. He just gave a $500k tax free gain that sent people in droves to FL. Not really promoting home ownership unless you consider speculation on multiple homes as home ownership. I'm in St. Pete now. At least the gasoline is cheap over here. $1.95 at Sams. It's $2.50 in the other coast.

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