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

To: Road Walker who wrote (263604)	12/6/2005 9:11:23 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1572859

RE:"You are saying that the appreciation is real estate is entirely due to the threshold on home sale capital gains passed during the Clinton administration (Republican congress?)." No, not at all. There are other powerful factors as well. Low rates, easy money etc... Easy Al Greenspan...no faith in the economy...lowered rates too far after 2000 and y2k. GSEs taking on tons of potentially bad mortgage debt sodl to them by mortgage companies. RE:"Bush often brags about record home ownership during his admin... should he be giving the credit to Clinton?" It digs in my gut when I hear Bush take credit for it. What a turkey. I wouldn't give credit to Clinton either. He just gave a $500k tax free gain that sent people in droves to FL. Not really promoting home ownership unless you consider speculation on multiple homes as home ownership. I'm in St. Pete now. At least the gasoline is cheap over here. $1.95 at Sams. It's $2.50 in the other coast.

To: Road Walker who wrote (263604)	12/7/2005 3:29:16 PM
From: tejek	Respond to of 1572859

re: Never the less...it not only shut out a generation, turned real estate into speculation but also cause great environmental damage to places like Florida, California and Arizona. Clinton is the biggest environmental boondoogler in recent history because of it. You are making a jump in logic I can't accept on the face. You are saying that the appreciation is real estate is entirely due to the threshold on home sale capital gains passed during the Clinton administration (Republican congress?). If you were in real estate, his latest proclamation would have you ROTFLYAO! Any fool knows that any environmental damage done to FLA, CA and AZ was done well in advance of Clinton's tax cut passed in 1997. As for the current housing boom, the tax cut played a small role but like you suggested demographics, land availability and the desire to live near the coasts played a much, much bigger role. Jimbo is working feverishly to defend his two votes for Bush.........as a consequence, he is pulling at straws and spinning new myths for the unsuspecting. ted