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

To: Mike Johnston who wrote (45842)10/18/2011 10:56:06 AM
From: Jim McMannis3 Recommendations  Read Replies (1) | Respond to of 119361
 
Not only did Bent make a big profit on his house he paid zero cap gains on the first $250k of it. Thanks to BC. Now he wants to take away the tax breaks for the "rich". And get some more govie money. What a hoot.



To: Mike Johnston who wrote (45842)10/18/2011 10:57:33 AM
From: bentway  Read Replies (1) | Respond to of 119361
 
"The wealth has simply been transferred from the buyer to the seller (you)."

Well, I can certainly live with THAT! But, can't the same be said for just about EVERYTHING?

Where do you see ANY wealth being "created"? Here?



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