Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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

To: John Vosilla who wrote (35252)	7/13/2005 11:30:54 AM
From: Tradelite	Respond to of 306849

re: <<Too much abuse today by flippers getting the tax free windfall every couple of years these days.>> Seems to me people don't tend to stay in the same place as long as they used to, regardless of tax rules or how much money they will or will not make when they sell. Corporate relocation, job loss, divorce, marriage, growing families, need to downsize or trade for bigger homes--all result in people turning over houses and locations much faster than they probably did in the old days. Just staying in the same town one grew up in doesn't happen regularly any more. Back in the 1970s, I often had lunch with two co-workers who were DC natives, and I had lived in the DC suburbs almost all my life. We thought we were pretty strange birds. Most people we knew had come from somewhere else, had already left DC, or were soon gonna leave. When I was in high school, just about all my friends were military brats who traveled the world, or lived in families who kept moving to one of the many bigger houses being built at the time, in the same community. My mother kept trying to get my Dad to trade up, but his Depression-era mentality would not allow him to become "house poor". We got a lot of stern lectures on that subject. <<gg>> I think the Depression-era mentality went somewhere where the dinosaurs live, and it hasn't all been because of tax rules on home sales.