Posted on 02/07/2016 7:30:09 AM PST by Olog-hai
The risk of a real estate bubble occurring in several regions of Switzerland reached its highest level at the end of 2015 since the late 1980s, according to a report from UBS.
The bank on Thursday said its Swiss Real Estate Bubble Index reached 1.41 points in the fourth quarter of last year, up from 1.34 in the third quarter and the highest rate in around 15 years.
The Lake Geneva and Greater Zurich areas remain the most exposed regions in the country with the highest risk potential for a residential real estate bubble.
Other exposed cities include Zug, Lucerne, Basel and Lausanne. ...
(Excerpt) Read more at thelocal.ch ...
There will be a decline in the prices of premiere real estate in major American cities. The Saudis and the Chinese are extremely cash strapped and have been liquidating their investment portfolios in the West. Unfortunately the sell off reflects a withdrawal of large amounts of capital from the US economy. The economy in the US, already on a shaky foundation of borrowed, printed money, Federal reserve gimmickry and an anti capitalist Obama administration, will decline further.
1. Eliminate ALL corporate tax.
1a. Eliminate ALL depletion allowances and depreciation allowances.
2. Eliminate ALL current IRS regulations.
3. Set the individual tax rate at 10% regardless of income.
3a. Perquisites at taxed at 10% of cost.
3b. Withhold at the rate of 11%, to get a refund you have to file taxes, but there is no legal imperative to file.
4. Tax ALL money coming into the country at 0% (yes, ZERO%).
5. Tax ALL money leaving the country at 10%.
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