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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (57507)4/5/2006 10:22:46 AM
From: GST  Read Replies (2) of 110194
 
One more reason for housing to tank: Think about it John -- a person owns a home, wants a better one, and can get a good price for what they own now. If they sell they face: (1) Higher interest rates on their mortgage, and (2) Higher taxes. There is a strong disincentive now to "trade up". Instead, people will improve what they already own. and move less often. This will cool the market - although it is far from certain how cool that will be. This is not good for those builders trying to entice people into McMansion land.
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