Replies to post #396189 on Zeev's Turnips Patch-No Politics (ZEEV)

[MasterPicker1]

yup thank Greenspan because he said no housing bubble. We won't be seeing a housing crash. SO go out and buy your million dollar house now because it will be worth 10 million in next 20-30 years. Housing prices pullback but in long run they go higher and higher and higher and never stop going higher.



August, 1981--TaxReform Act of 1981 enacted. Provides powerful tax incentives forreal-estate investment by individuals. This legislation helps create a"boom" in real estate and contributes to over-building.


On October 22, 1986 Ronald Reagan took away the depreciation of houses. Investors could not use depcreication from real estate for their Income taxes. He took it away and crashed Housing market.

[lee kramer]

Hi osprey: If you've got say a 6% mortage and rates run up to 14%, would you refinance?