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

To: Jim McMannis who wrote (22056)	7/10/2004 11:23:38 AM
From: Tradelite	Respond to of 306849

<<Are you forgetting one of the biggest tax breaks in history? Low rates are a major factor but there is a double whammy.>> You make a good point, and I would have stated it another way.....THE GOVERNMENT (UNCLE SAM) HAS BEEN PUSHING HOME OWNERSHIP FOR DECADES. I wouldn't bet my money against Uncle Sam....he's bigger'n and richer'n me!! He wins.

To: Jim McMannis who wrote (22056)	7/10/2004 4:59:40 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

>>>>tax breaks<<< And those doubling up those tax breaks by not selling their first home or buying that second for rental purposes. Low rates making renters owners and abundance of second homes driving down todays rental market. Give it a couple of three years of crappy returns and low appreciation. Or in seven to ten years when these now homes start to show their defects. That second home kept for a rental "seven-ten years rental equals plenty of repairs needed too" is a good place to find the funds to fix the main residence. Fixer uppers will return in abundance once again.