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

To: John Vosilla who wrote (57930)	7/18/2006 3:46:44 AM
From: Bonefish	Respond to of 306849

Not a bad idea. Level the tax consequences too. Otherwise the rest of the economy goes down. Is Congress smart enough, no.

To: John Vosilla who wrote (57930)	7/18/2006 8:03:27 AM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>The speculation, overvaluation and overbuilding is a house of cards ready to collapse anyway. No need to take the entire economy down with it.<<< Good point. I hate to see the government given the authority to target any particular industry - that doesn't mean that they won't do it w/o the authority. I have always thought that the mortgage tax deduction was senseless. The government shouldn't be in there trying to fine tune or otherwise micromanage the economy. Busting up trusts and throwing the Ken Lays of the world in jail is an absolute necessity of government. Is there a tool whereby the government can lance only the RE bubble? I guess it would have to be the tax code. That won't happen anytime soon. Until then - rates go higher. Besides, you have to figure that the smart ones sold a year ago, and they will invest at the front of the next bubble - you know - ethanol.