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

To: BWAC who wrote (27809)	3/5/2005 10:33:32 AM
From: Amy J	Read Replies (2) \| Respond to of 306849

BWAC, RE: "Of course, get a national sales tax passed and we all get about 20 to 30% automatic increase in the price of our home as compared to new construction with taxed building materials. That will come as a big help when the "ownership society" needs to access the refi-cashout ATM machine to pay monthly bills" This went over my head. Why would a sales tax increase the price of a home by 20 or 30%? Would it increase the price of old homes that have already been built? Hope you aren't saying Mr. Bubble magician has figured out a new way to extend the bubble by another 30% upward growth in real estate prices? Why doesn't he just create a savings program instead of creating another ATM machine and more bubbles? Regards, Amy J