Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MontaniSemperLiberi
Of course it’s going to hurt home values but not as much as you think.

Just for the record, I think 10 to 15 percent if it's done across the board. If it is just done by lowering the exempt amount from $1mm to, say, $400K, there will be compression of prices--higher priced homes will be hurt some, lower priced homes might actually be helped as people will shift down in their purchases.

13 posted on 09/04/2011 10:02:42 AM PDT by Pearls Before Swine
[ Post Reply | Private Reply | To 11 | View Replies ]


To: Pearls Before Swine

Okay. Let’s say it’s 15%. What you’re saying is that the government has inflated home prices 15% above their natural value with this deduction. Do you think that’s a good thing?


14 posted on 09/04/2011 10:06:17 AM PDT by MontaniSemperLiberi (Moutaineers are Always Free)
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson