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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (19263)	9/19/2001 1:09:39 AM
From: James F. Hopkins	Respond to of 52237

While I mentioned the working stiff would get a better Tax break when he sold his house , I didn't mention water finds it's own level and that break would only be real for the first batch of sellers , the Johnny come late to that party would find the market priced it in and dropped the value of his home real fast, -------------- Then all the dudes that just bought homes and took out big low cost mortgages would find they are stuck paying off a long term ( low interest loan )but on a house that's is all of a sudden worth so much less than they paid for it that the low interest was just a fake out. ------------- Like the pressure on the market by those selling drops values and wipes out equity. Not long ago GreenSpam was talking about how the major investment of most Americans was their home equity.. Believe me a Cap Gains tax cut will reduce that in a hurry. I buy/sell a little property from time to time ( cash ) so you would think I shouldn't be knocking this from a Tax break stand point. However I'm also sure that the property I already hold will drop in value before I can move it more than the Tax break will help me. ( & even if it don't drop in value, for sure it won't go up as much as it would without it ) Jim