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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (203703)5/22/2009 1:50:21 PM
From: Jim McMannisRead Replies (2) of 306849
 
Without prop 13...doesn't a $600k house return to $200k in shortER order? Which ought to tell you the effects of tax breaks on houses etc. Throw in a repeal of the zero cap gains tax on the sale of a primary residence and the $200k turns into about $150k. It would be more but we've already fallen a bunch so less people have a profit.
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