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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (3691)	7/30/2002 12:55:37 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Jim, if tax laws prevented people from cashing out, land and houses would be even more tightly held and scarce than they are now. What would THAT do to prices?" They would drop. The important thing is that just about everything else you own gets cap gain taxed. So why should RE get the break? When you see the only thing appreciating is RE then you get the idea. One reason I say Stocks are 2nd class citizens. Who wants to own stocks when you can just buy RE? And pay no tax to boot? RE is going up...people like to buy in bull markets...