Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: gpowell who wrote (12876)	8/21/2003 11:32:10 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Now for an asset a tax cut that results in a yield increase will increase its demand relative to other assets until the yields equate. I’ve already mentioned this several times on this thread. It’s not a major consideration when buying and selling residential real estate." So being able to sell a residence and not pay cap gains tax on up to $500K is not a factor? You have to be kidding... First it's an incentive to cash in and secondly it leaves the person with 20% more money to throw at a new house... I'm sure you know the result of too much money chasing too few goods? As far as Prop 13, it helps with the too few goods part. I won't even mention 1031 exchanges or mortgage interest rate deductions. Jim