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

To: Amy J who wrote (27810)	3/5/2005 11:07:32 AM
From: BWAC	Read Replies (3) \| Respond to of 306849

<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?> Because any new construction would more than likely increase as due to the added tax on materials cost. So probably not really 20% overall, just add it to material cost. Not labor, lot, etc. A piece of lumber in place just got more valuable as the cost of new gets national sales taxed. <Why doesn't he just create a savings program instead of creating another ATM machine and more bubbles?> Because he is a destructive force.