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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (38857)	3/7/2002 10:33:35 PM
From: farkarooski	Read Replies (1) \| Respond to of 99280

sir, with such an elegant argument, how am I going to sleep peacefully tonight ???

To: sylvester80 who wrote (38857)	3/7/2002 10:49:40 PM
From: DrGrabow	Respond to of 99280

Bigger is better... no longer. As typical of bubbles in the stock market, same is true in the housing market where people keep buying more and more expensive houses thinking that prices can continue go up forever and they can sell them to some other sucker for even more money and pocket the profits, TAX FREE. That's the beauty of this tax-free profit that you don't have to buy bigger or better unlike the old system. The tax structure was that you had to upgrade in order not to be penalized with capital gains. Now, I can sell my big house, since the kids are gone, and avoid paying capital gains for getting a smaller house. To tell you the truth, I've made more money selling my primary homes, 2 in 4 years, then anything else. SWEET. I think we'll see a lot more people like me, as long as the law stays in effect. It's all good... and it encourages home buying as well as home selling. And we get to keep more money in our pockets. P.S. I'm putting my house on the market this spring, interested?

To: sylvester80 who wrote (38857)	3/7/2002 10:57:37 PM
From: Pink Minion	Read Replies (1) \| Respond to of 99280

Excellent argument. Pretty soon each house will have stock behind it and we can start trading houses like stocks. LOL

To: sylvester80 who wrote (38857)	3/7/2002 11:49:49 PM
From: 4rthofjuly007	Read Replies (1) \| Respond to of 99280

You been drinkin'<g> Buying a home has always been the American dream. It's not like home ownership has come in "vogue" since the tax laws were changed. A number of factors have gone into driving the real estate market to bubble levels. I don't think that the tax laws factor in that highly as the average American does not pick up and move his family around every two years or so to make money. He just feels wealthier as his/her home value inflates. Now he DOES draw down his equity as it inflates to bubble levels and goes deeper and deeper into debt. I think you had better stick to trading. Excellent calls by you in the last few weeks.