The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Steve_C who wrote (205316)	5/30/2009 1:56:57 PM
From: Skeeter Bug	Read 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.<< read it again - it doesn't say what you think it says. it says that housing will fall more quickly with prop 13 repealed - it doesn't say how much more quickly. we are already down 50% in some areas. another 16% is a gimme if interest rates continue to increase. if you took econ 101, you would know why they will increase over time.

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