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

To: John Chen who wrote (11738)	7/24/2003 5:48:23 PM
From: Jim McMannis	Respond to of 306849

RE:"Wonder what they teach in RE school?" They tell you RE will always go up. As far as tax benefits...yeah, try the government and taxpayers picking up over 40% of your costs over the life of a mortgage and then you can cash in for free at the end. Suppose the government backed company named say "Company X", gave them all the government contracts, set up agencies to help you get a loan to by stock in said company, backed the loans, let you write off the interest on the loan you took to buy stock in "company X" and then let you cash out and pay no tax on up to $500k in profits. How do you think the price of company x's stock would be doing? DOH...