only a stupid idiot would sell a house for less than he paid.I thought you said there would be 20 to 30% price reductions? A $200,000 home purchased today would be worth only $140,000 in your world. How much are YOU willing to sacrifice for lower prices? It looks to me like YOU might be that stupid idiot...be careful what you wish for.Why would you sell the house for less than $260,000?
Why would you sell the ... house for less ...?
LL: I thought you said there would be 20 to 30% price reductions? A $200,000 home purchased today would be worth only $140,000 in your world.
Lots of people say 20-35% price reductions - especially on a product with so many links in the production chain.
Under the nrst, a the same home could be built free of the costs of our income tax system for about $150,000. Then at sale for retail the tax is added for a $195,000 sale price. The more links in the production chain, the more embedded tax costs are in the price.