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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (259378)	11/11/2005 12:24:49 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1573215

Ted, Who the Clinton law has most benefited? Retirees.....people who are selling out and moving into something smaller because the kids are gone and they are getting to old to maintain a regular sized house. The way I see it, real estate is one big speculation game. I don't care if some retirees rely on their home equity as their nest egg. Why should speculators get huge tax breaks while first-time home buyers suffer? Tenchusatsu

To: tejek who wrote (259378)	12/6/2005 1:45:05 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1573215

re:"The boom didn't start with Clinton's tax breaks' Wrong. RE:"The east and west coasts had booming housing markets well before the early 90s recession." Not even close in magnitude RE:"In fact, CA's housing markets have been booming since the late 1970s." Somewhat true due to another large tax break. Prop 13. But still not near the magnitude of the last 8 years. RE:"Who the Clinton law has most benefited? Retirees.....people who are selling out and moving into something smaller because the kids are gone and they are getting to old to maintain a regular sized house. And I am not about to begrudge retirees their nest egg. Not entirely true. Flippers have been doing quite well. The fact remains TEd that you're out in the cold because of Clintons tax breaks. If you somehow can buy now you run the risk of no appreciatin in housing for the next 10-20 years. Foreclosure risk is extremely high. Clintons tax cut has taken your retirement.