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

To: BWAC who wrote (27812)	3/5/2005 11:16:23 AM
From: Amy J	Respond to of 306849

Bwac, so a consumption tax would actually increase the value of real estate and inflate this bubble even more? It's time for him to retire, please. So, a consumption tax increases real estate prices, while a property tax decreases property taxes. If so, he's simply trying to find a way to generate more revenue for govt spending by artificially inflating assets. He's like a thief in the night. Regards, Amy J

To: BWAC who wrote (27812)	3/5/2005 3:30:33 PM
From: Elroy Jetson	Respond to of 306849

A 15% Sales Tax on homes makes the sales price of homes decline by 15%. You can look to Canada for the proof where each new increment of sales tax has instantly reduced prices by the same amount. We see the same backward reasoning when lobbyists, hired by large land owners, claim development fees charged by counties drive up the price of homes. In reality, these fees drive down the price of undeveloped land, leaving home prices unaffected. .