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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: John Carragher who wrote (144013)10/21/2005 2:35:44 PM
From: Geoff Altman  Read Replies (1) | Respond to of 793980
 
John The real impact would be on real estate itself. Without the subsidy of a federal tax break, it's a sure bet that people would be less eager to take out jumbo mortgages or bid up for luxury housing.

That doesn't mean people would switch to renting or buy cheaper housing. It means the sales prices of houses would be likely to rise less, or at least less quickly.


Tell me about it......I live in San Diego!!!! <g>