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To: Perspective who wrote (244621)6/9/2003 2:09:18 PM
From: Ahda  Respond to of 436258
 
>>Actually with current tax laws and inflation in prices it amounts to a large non taxable cap gains.

Prices where I am located are not elastic they have been more like rockets in constant lift off mode. The elastic I see is tax and financial flexibility associated with decreasing rates. Refinance makes up a very large portion of mortgage sales.

On the other hand the luxury you refer to shows up in the affordability index. In my location CA affordability is constantly dropping as fewer and fewer have the income that is necessary to purchase a wee tiny tiny house or condo.

I doubt very much if you will see a rise in rates.



To: Perspective who wrote (244621)6/9/2003 2:34:37 PM
From: who cares?  Respond to of 436258
 
13:16 *CAPITAL ONE BANK NOTES YIELD 325 BASIS POINTS MORE THAN GOVTS
13:16 *CAPITAL ONE BANK SELLS $500 MILLION OF 6.5% 10-YEAR NOTES

At first I laughed when I saw this, then I thought, wow, the market works, lending the govt money really is about 325 basis points less risky thank COF.