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

To: Ramsey Su who wrote (44663)	11/2/2005 2:00:13 PM
From: benwood	Respond to of 110194

I'll take $500 off any year. My own parents would benefit with their small mortgage, and they could really use $500. If there were limits on overall credit, then the multiple-owner people would be in double bubble trouble. I'm tired of subsidizing people's 1 million or 2 million dollars' worth of homes and I think massive tax breaks for real estate and/or further fueling the bubble itself should end. It's questionable to me now whether or not there should be any subsidy at all. It's only served to raise house prices in my opinion, so it really hasn't helped. Except to allow the wealthier to benefit more, therefore it has helped to shift the tax burden down the ladder. That said, if the change is drastic, it should be phased in because otherwise it would be shock caused by changing the "rules" too fast. I think those who've put themselves on the edge are going over regardless -- rising interest rates and absolutely inevitable eventuality of the bubble itself running out of gas will cook thousands or millions. Too bad... I had zero sympathy for those that thought Nasdaq at 3500-5000 was a great idea, either.