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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (219156)2/14/2005 3:59:18 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1575364
 
Ted, If it weren't for this tax break, there would not be a housing boom in this country right now, the recession would be much, much deeper and you would not be posting on this thread because you would be too busy cold calling to drum up business. Your gratitude is a bit underwhelming.

Jim can answer for himself, but I think you are missing his perspective. The housing boom is artificial and will take some time to work off. Had Clinton not passed the tax cut Jim keeps talking about, the housing boom wouldn't have been as extreme. Same thing regarding the deduction of housing interest, though that was there long before Clinton.

Personally, I'm grateful to have jumped in just a little bit before the peak, but I wonder about my friends and coworkers who don't own their own homes yet. I want them to be able to afford their own home, but that also means wishing for the value of my home to go down.

Tenchusatsu