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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Gotham Guru who wrote (48657)2/17/2006 7:47:00 PM
From: BonefishRespond to of 306849
 
"""Which specific government policy are you referring to?"""

Message 22175116

Capital gains exemption of up to $500,000 on primaary residences held 2 of 5 years.
Add in ridiculously low rates (what was Greenspan thinking) and non-existant lending standards backed by GSE'a and viola!
GSE = government sponsored enterpise like Fannie Mae, Freddie Mac.