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

To: Elroy Jetson who wrote (3736)	7/31/2002 1:34:44 PM
From: Jim McMannis	Respond to of 306849

RE:"Why provide a welfare subsidy program for affluent homeowners but not a welfare subsidy program for affluent renters? Why a socialist program just for one type of investment which distorts the market?" Again you have it right. The 1997 cut should qualify as the biggest gift to the rich of all time. Especially when you use the governments definition of rich... BTW, I just go back from lunch with a few Realtors, they agree with us about whats driving the markets. Tax cuts. I see it every day. The ability to cash in tax free is a massive incentive to move. Especially a psycological incentive. Jim