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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (37936)	8/5/2005 6:42:10 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 110194

RE:"The current real estate boom was primarily fueled by changing the tax free profit to 500k for a married couple along with the 2/5 previous years occupancy tax clause. Lower rates were just fuel on the fire." That's been my contention too...but for some reason it rarely gets mentioned. I wonder why... Because of it...it will take much higher rates to cool the RE market compared to less tax favored investments. Meanwhile the gap between the "home haves and have nots" will widen and certain hot areas will get environmentally trampled.