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


To: Mike Johnston who wrote (25901)12/12/2004 10:13:06 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"Today, a two week interruption in the supply of credit or tightening of lending standards would have the same effect as that railway disaster."

The government will fight to the last not to let that happen.
For the same reason we will never see a flat across the board tax without deductions.
The RE industry would scream that any level tax system would trash the RE market, which it would. Unless of course all other cap gains taxes were eliminated.



To: Mike Johnston who wrote (25901)12/12/2004 10:15:30 PM
From: Elroy JetsonRespond to of 306849
 
I agree. In a real estate bubbles, or other market bubbles, almost anything which causes an interruption of the mania can potentially result in it's collapse.

But once all the potential buyers are in the pen, there's nothing left to sustain the stampede - so it ends even without a visible cause.

.