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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (30697)	4/18/2008 5:47:27 PM
From: Steve Felix	Respond to of 78717

Thanks for the link. Couldn't agree more. It inflates housing prices which allows people to buy more toys with the leverage. Interest on cars, boats, etc. are all written off here. I think it would only be fair to limit stock losses to balance gains with no extra 3K deduction for more losses. While we are at it we could limit gambling losses to offset winnings only. Three gambling scenarios with one blow!

To: Oblomov who wrote (30697)	4/18/2008 7:43:17 PM
From: Debt Free	Respond to of 78717

interesting article and from the article And while the direction of the dollar is the biggest driver of nominal home prices, the theoretical fall-off in demand for housing would lead to lower prices that would enable what is an unproductive asset to be purchased with a smaller percentage of total individual wealth. But isn't society telling us that our houses are an asset and that we should take the equity out to buy the things that we need like Ipods, WII's, etc. Maybe there is more merit in that article than I first thought....