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

To: Think4Yourself who wrote (88857)9/12/2007 10:48:59 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
'The speculators otherwise have no skin in the game. A 6 or 7 figure tax bill that they cannot escape through bankruptcy or moving to another state seems pretty fair to me.'

I think it is only a taxable event for cash out refinances where the lender takes the loss and the speculator put cash in his pocket. Zero down purchases at the top in 2005 with huge losses for the lender wouldn't qualify.


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