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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (93385)4/10/2008 2:56:57 PM
From: John Vosilla  Read Replies (2) of 110194
 
'Tax breaks for homies and tax breaks for folks buying foreclosed homes??!!'

As I understand it it is only a one time tax break for an home you will occupy as the current resident. Now for the hommies..yeah many should be allowed to die so new construction can stay at depression like levels until inventory can get back in balance and home values stabilize. Encouraging even more overbuilding near term does us no good..
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