SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (11362)6/25/2003 4:52:20 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
RE:"Another great idea from the Middle Ages is a wealth tax which would impose a heavy annual tax on real estate equity or collectibles. To avoid the tax, get a maximum cash-back refi and spend that money today to get the economy moving.

Americans have to spend their savings and wealth now to keep the world economy going"

OK...
So when they spend out what they made flipping their house, what happens then?