SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (62609)4/23/2005 9:22:51 PM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
<Capital gains on housing is just inflation >

It can also be supply and demand as certain residential areas become more popular and prices rise. People can bank the profits by selling, moving to a cheaper area and living on the cash difference.

New Zealand is currently attracting a lot of wealthy immigrants who want a nice place to live. That pushes prices up because they aren't making any more land where those people want to live.

Mqurice



To: Moominoid who wrote (62609)4/24/2005 2:15:11 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
Hi Moominoid - You are talking about GDP accounting, and I'm talking about the (aggregate) personal income. The personal income and personal expenditures are use to calculate the savings rate.

There's a an entire chorus, almost an industry of "the consumer is in trouble ! Not saving enough ! Too much debt for income !"

Of course, the "not saving enough" makes it easier to pass special tax breaks which help higher income people...