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First of all Rob the tax wouldn't affect Real Estate, because it probably would be exempt from sales taxes as it is now. Things such as Property, vehicles (in most states), and other "real" property is assessed sales taxes and wouldn't fall under consumer goods taxed under the fait tax, I would hope.

Also, your assumption of an 8% price drop, IMO, is quite conservative. The price drop could actually be more like 15-20% with the removal of many business related taxes, and the increase in consumption that will occur due to individuals having more money to spend. The Christmas season is a microcosm of the effect. In years where the economy is doing well during the season consumption is high, whereas in seasons where there was even a perceived depression or resession consumption was down. It will be on the news this year as well, I'm sure. But with the fair tax, and the drastic increase in disposible income for most families every season will be a good Christmas Season.

First of all Rob the tax wouldn't affect Real Estate, because it probably would be exempt from sales taxes as it is now. Things such as Property, vehicles (in most states), and other "real" property is assessed sales taxes and wouldn't fall under consumer goods taxed under the fait tax, I would hope.

This is wrong. These things are all taxed under the FairTax.

Also, your assumption of an 8% price drop, IMO, is quite conservative. The price drop could actually be more like 15-20% with the removal of many business related taxes, and the increase in consumption that will occur due to individuals having more money to spend.

I, and others, have come up with the 8% number looking at all places where businesses will save money. The main areas included in this number are the employer half FICA, corporate profit tax, and compliance costs. Your contention that it coulf be 15-20% is not based on reality, just your wishful thinking. And, people having "more mony to spend" will not lead to any reduction in prices but the opposite. And higher prices will stifle consumption.

First of all Rob the tax wouldn't affect Real Estate, because it probably would be exempt from sales taxes as it is now. Things such as Property, vehicles (in most states), and other "real" property is assessed sales taxes and wouldn't fall under consumer goods taxed under the fait tax, I would hope.

Not only would the purchase of a new home be taxed, unless it is purchased as a rental - then it would be tax free, but the renter would pay 30% FairTax every month on the rent.

Would the new home purchased as a business investment and later sold to an individual as a residence then be taxed because it was untaxed when sold as new? If the resale is taxed, and the value of the home increased, would the tax be on the original selling price or the current market price? What effect would giving a business or investor a tax advantage over private purchase of real property have on the market?