The Republican tax plan will lower real estate prices *merged* (FBI, depression)

[Hesychios]

Originally Posted by subaru5555

The wealthy do not need more handouts. Any other fiscal conservatives agree that we don't need to expand the deficit?
.

I agree for sure.

[Metsfan53]

Originally Posted by KonaldDuth

Been hearing economic analysts talk about it how the Republican tax plan will have the effect of crashing real estate. That is a good thing.

Hmm, if only we had any empirical evidence or recent experience on how the economy was during a period of falling home prices? I wonder what would happen? Does anyone know of any consequences during a time like that? If only we had some reference point to compare to?

[craigiri]

Well, we can tell that the majority of the American public have a basic understanding of what is coming down the pike.

[le roi]

Originally Posted by gladhands

Just accept that you don’t understand science and move on.

Originally Posted by lovecrowds

Your right I don't understand it. But I do understand that it leads to lots of false hope, health care inflation and more government spending.

You think science leads to false hope, health care inflation, and more government spending?

Give me a moment to pick my jaw up off the floor

[workingclasshero]

Originally Posted by Metsfan53

Hmm, if only we had any empirical evidence or recent experience on how the economy was during a period of falling home prices? I wonder what would happen? Does anyone know of any consequences during a time like that? If only we had some reference point to compare to?

we do...1989/90 home prices fell sharply...the economy was doing pretty well

then in 1995 Clinton started the housing bubble that broke in 06/07



there was an article just yesterday, about how the rising housing prices are hurting the rent market

https://www.msn.com/en-us/money/real...cid=spartanntp

[workingclasshero]

Originally Posted by craigiri

Well, we can tell that the majority of the American public have a basic understanding of what is coming down the pike.

a majority of the public is being sheeple to the MSM


this plan is a good plan...not the best plan, but a good plan

[zzzSnorlax]

Actually on second thought... I am in the process of selling my house right now and will be renting for about 6 months in a new state before looking to get a new house. So - go ahead and crash the market. Good timing actually. Sorry all you other homeowners!

[JAMS14]

Originally Posted by subaru5555

The wealthy do not need more handouts. Any other fiscal conservatives agree that we don't need to expand the deficit?

$1.7 trillion will be added to the debt with this massive giveaway to the wealthy. There was a time when the Republicans threatened to shut down the government because there weren't corresponding cuts to every dollar spent, but now they are perfectly fine with a $1.7 trillion addition to the debt.

Where's the Tea Party? Why aren't all they protesting this? Where's the Freedom Caucus, who vetoed just about everything put forth during the Obama Administration?

Yeah, we know. It was never about the debt or deficit spending. It was always, and only, about politics. It doesn't get any clearer than that with their silence now.

[cheyenne2134]

1.7 trillion deficit

For only an average of $1400 of savings a year for a low income family? And that’s the generous end

[Goodnight]

Why do we need a tax cut since taxes are relatively low. All in favor of tax simplification and creating a fair system but taxes aren't the problem with our economy.


This looks more and more like posturing for the 2018 election, they weren't able to deliver on any of their other promises like infrastructure and the ACA replacement so they need to show something.