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

To: Jim McMannis who wrote (3698)7/30/2002 2:44:16 PM
From: TradeliteRead Replies (1) | Respond to of 306849
 
Jim, if you are sure it was the 1997 tax change that caused this "run-up", then to what do you attribute the same type of run-up which occurred about 10 years before that?



To: Jim McMannis who wrote (3698)7/30/2002 2:48:24 PM
From: The Duke of URL©Read Replies (2) | Respond to of 306849
 
"the major explanation I see for the run up."

The major and 95% of the run up is cased by the Bank reform act.

Which allows taxpayer money to create an interest rate for home loans fully 7% below the real rate of the cost of money.

Taxes have gone up, not down on sfd's.

And I apologize, I did not know you had been spouting your tax theory for 3 years,..... so you have been wrong a lot longer than 3 months, sorry.

:))


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