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Ernesto (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:51 PM Original message |
Repealing the mortgage tax break: AKA busting the housing bubble....... |
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louis-t (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:54 PM Response to Original message |
1. There will be little incentive to buy homes |
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Nay (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:54 PM Response to Original message |
2. The sooner they can bankrupt us, the quicker they can pick up our |
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no_hypocrisy (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:54 PM Response to Original message |
3. I doubt it will pass Congress. 2006 is very soon. |
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Tempest (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:59 PM Response to Reply #3 |
10. The Repugs won't take it up until after the 2006 election |
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newscott (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:56 PM Response to Original message |
4. Maybe if they put a ceiling on it |
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flyingfysh (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:58 PM Response to Reply #4 |
8. even that ceiling would hurt Boston |
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MissB (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:40 PM Response to Reply #8 |
27. I think that is per year, not per mortgage. |
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LincolnMcGrath (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 05:01 PM Response to Reply #27 |
28. Now that makes sense. |
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MissB (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 05:07 PM Response to Reply #28 |
31. Really, really high? |
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LincolnMcGrath (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:59 PM Response to Reply #4 |
11. I heard on the radio today they want to lower it from one million |
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Crowdance (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:03 PM Response to Reply #11 |
14. A heck of a lot of people in New York |
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LincolnMcGrath (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:07 PM Response to Reply #14 |
17. Probably many mega-metropolis areas. |
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notadmblnd (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:20 PM Response to Reply #14 |
22. but that is in interest.. correct? |
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Mayberry Machiavelli (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:07 PM Response to Reply #11 |
18. So did oxyrush think this was a good thing? Just curious... |
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LincolnMcGrath (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:09 PM Response to Reply #18 |
19. He thought it was horrible idea. He was fuming. |
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ender (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:00 PM Response to Reply #4 |
12. that would put a virtual ceiling on prices. |
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BrotherBuzz (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:28 PM Response to Reply #4 |
25. The median price of a house in California is .... |
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kcass1954 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:57 PM Response to Original message |
5. Yes, and yes! |
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Bob3 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:58 PM Response to Original message |
6. yes billionaire tax breaks are more important than anything |
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DrZeeLit (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:17 PM Response to Reply #6 |
21. I agree. These were the same people who started the bubble, by |
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montanacowboy (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:58 PM Response to Original message |
7. Ah! The Ownership Society... |
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flyingfysh (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 03:59 PM Response to Reply #7 |
9. the Ownership Society means... |
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KayLaw (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:01 PM Response to Original message |
13. What does it mean? |
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Mayberry Machiavelli (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:23 PM Response to Reply #13 |
23. If you have a 500Kish house like the median in Calif., it amounts to 6K in |
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LincolnMcGrath (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 05:07 PM Response to Reply #23 |
30. correction: 6k more of income would be taxable. |
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Mayberry Machiavelli (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 05:31 PM Response to Reply #30 |
32. Ooops need to read closer. Thx |
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Mayberry Machiavelli (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:06 PM Response to Original message |
15. IF they are actually serious about this (IF), I could only conclude that: |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:06 PM Response to Original message |
16. All they need to do is cap it.. If people want to buy and can afford |
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enid602 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:12 PM Response to Original message |
20. homeowners |
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Mayberry Machiavelli (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:24 PM Response to Reply #20 |
24. Well, they're "reelected" now. ELECTIONS HAVE CONSEQUENCES, as |
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gizmo1979 (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 04:39 PM Response to Original message |
26. I read in the USA today |
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Ilsa (1000+ posts) Send PM | Profile | Ignore | Wed Oct-12-05 05:06 PM Response to Original message |
29. We can't even use it anymore. |
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