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To: hinckley buzzard
The real question is, who would buy into such a market given the looming threat.

Not any foreigners. If my info is correct, they have, or are going to, institute an excise tax on foreign purchasers of some 15%.

Also, there was some talk in the summer of "imputed rent" taxes. That is where an owner of a property is assumed to benefit from the rental income it would cost to rent it--so it is added to his income and taxed. I don't believe that has been implemented.

11 posted on 10/07/2012 5:53:31 PM PDT by Pearls Before Swine
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To: Pearls Before Swine

The Dims almost go that one passed here couple years ago. They backed off at the last minute.


16 posted on 10/07/2012 6:08:54 PM PDT by Snuph ("give me Liberty...")
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To: bert

Dubai is really built on shifting sand. Once the oil revenues and property bubble fades...


29 posted on 10/08/2012 2:23:59 AM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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