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How the Budget Deal Will Impact the Real Estate Market (It Won't Help)


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2013 Oct 17, 10:42am   12,568 views  114 comments

by smaulgld   ➕follow (4)   💰tip   ignore  

http://smaulgld.com/what-the-budget-deal-means-for-the-economy-real-estate-gold-and-silver/

The real estate market and the economy will only really recover when prices are allowed to fall and a much needed deleveraging and restructuring are allowed to take place. Piling more debt upon the remnants of a debt fueled crisis won’t solve anything. The debt band aid needs to be ripped off so the healing can begin.

#housing

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111   smaulgld   2013 Oct 19, 10:40am  

upisdown says

Income taxes on all kinds of income are usually lumped in with other taxes(estate, deductions, etc.) but don't stand a chance of scrutiny because they all lumped together as if they were exactly the same, but they aren't.

Thanks, but I still don't understand. No need to try again I can remain ignorant on this when and until you raise it again!

112   upisdown   2013 Oct 19, 10:48am  

smaulgld says

Ditto for family farms that Monsanto buys in estate tax foreclosures.
If its
yours, it also belongs to your kids-esp if in the example of the farm they work
on it

LOL, if only that were true. Owning an asset 25-40 years and never paying the the taxes on the gain in equity, but taking it out of everybody else's hide to cover for the lack of your contributions.
Then after a lifetime of subsidies, they continue to be the risk-averse sleps they always were, because there's no risk and all reward in things when the government backstops you. Then, the lazy and useless POS's won't allow the productive asset do go into REAL productive hands, because......the government checks/backstop will stop. And so, those POS's and everybody just LIKE them, bring down the sector as a whole.
But hey, the juice continues because it's vote-buyin'. It makes Tamany hall look like a rookie system.

113   smaulgld   2013 Oct 19, 11:03am  

upisdown says

But hey, the juice continues because it's vote-buyin'. It makes Tamany hall look like a rookie system.

Its hard for me to argue about what type of taxes are best as I am against them in principle!

114   smaulgld   2013 Oct 21, 3:52pm  

Isnt the mortgage intererst deduction the largest and most widely used?

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