Trump/Conservative/Russia tax plan will lead to a housing crisis

[The Derp]

This tax plan eliminates and caps certain deductions for homeowners. Home prices have those deductions already built in. If you eliminate them, home prices fall accordingly. Falling home prices leads to a housing crisis, which leads to an economic downturn. We know this because we just went through this shit 8 years ago.

The Conservative plan seems to be to tank the economy, explode the deficit, then use both as an excuse to impose the theocratic, oligarchic kleptocracy they've been dreaming about and admiring in Putin's Russia.

Real Estate Group Fears Tax Plan Could Lead To Housing Crisis On Long Island

Now that both the House and Senate have unveiled their plans, which slash or eliminate several deductions, including those for property taxes, many want to know what the proposals mean for them.​

 

[easyt65]

[URL='https://www.google.com/imgres?imgurl=https%3A%2F%2Fblackwaterdog.files.wordpress.com%2F2011%2F02%2Fpete6.jpg&imgrefurl=https%3A%2F%2Fblackwaterdog.wordpress.com%2F2011%2F02%2F12%2Fsouza-for-the-weekend%2Fpete6-2%2F&docid=Wb2SBCcQXHyx1M&tbnid=jthvnUILZwnFRM%3A&vet=10ahUKEwj6suet7ubXAhVH4iYKHUxDDnEQMwg8KAAwAA..i&w=1024&h=683&bih=867&biw=1239&q=Obama%20laughing%20hysterically&ved=0ahUKEwj6suet7ubXAhVH4iYKHUxDDnEQMwg8KAAwAA&iact=mrc&uact=8']
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[BulletProof]

The middle-class doesn't benefit much from the mortgage deduction, even more so with the Republicans expanding the standard deduction (and eliminating the personal exemptions). The rich don't need it.

Hey, hey, hoe, who, the mortgage deduction should go. Ditto for the state and local tax deduction.

 

[JakeStarkey]

If the tax plan passes with these defects, save your $$$, buddies.

You will be able to buy a great home within the next six years as prices fall tremendously as we undergo another alt right far right caused recession.

 

[The Derp]

View attachment 163558View attachment 163559.

One tactic Russian trolls use is to pretend they're super-patriotic Americans by co-opting liberal symbols like Captain America.

You haven't proven beyond a shadow of a doubt that you're an American. In fact, the more you post, the more it appears you're just a troll relaying propaganda you didn't even come up with yourself. So not only are you a troll, but you're lazy af.

 

[martybegan]

This tax plan eliminates and caps certain deductions for homeowners. Home prices have those deductions already built in. If you eliminate them, home prices fall accordingly. Falling home prices leads to a housing crisis, which leads to an economic downturn. We know this because we just went through this shit 8 years ago.

The Conservative plan seems to be to tank the economy, explode the deficit, then use both as an excuse to impose the theocratic, oligarchic kleptocracy they've been dreaming about and admiring in Putin's Russia.

Real Estate Group Fears Tax Plan Could Lead To Housing Crisis On Long Island

Now that both the House and Senate have unveiled their plans, which slash or eliminate several deductions, including those for property taxes, many want to know what the proposals mean for them.​

Maybe houses on LI would become more affordable. Perish the thought.

 

[SSGT Bags]

You are talking out of your ass, and are probably house poor.
Listened to a real estate agent that told you your house payment should be 2/3 of your monthly income, and real estate is a great investment.
You bought it, deal with it , it was your decision.
Show off that 3000 sq. ft. house that you are stuck with egotist.

 

[martybegan]

View attachment 163558View attachment 163559.

One tactic Russian trolls use is to pretend they're super-patriotic Americans by co-opting liberal symbols like Captain America.

You haven't proven beyond a shadow of a doubt that you're an American. In fact, the more you post, the more it appears you're just a troll relaying propaganda you didn't even come up with yourself. So not only are you a troll, but you're lazy af.

Derpity-doo at home

 

[Zander]

 

[The Derp]

The middle-class doesn't benefit much from the mortgage deduction, even more so with the Republicans expanding the standard deduction (and eliminating the personal exemptions). The rich don't need it.

The middle class absolutely benefits from the mortgage interest deduction! Who told you they don't? Whoever did lied to you. Secondly, even eliminating that deduction and the property tax deduction will tank home prices, which will create a repeat of what happened in 2007-8 when housing prices tanked due to foreclosures. This time, housing prices are tanking because the deductions are being removed...so it's a self-inflicted gunshot wound that doesn't benefit anyone.

Also, the standard deduction isn't being expanded in any significant way. Conservatives lied and said it was being doubled. It's not. It's being increased about 20%. That doesn't make up for the loss of the interest and property tax deductions.

But go ahead and tank the housing market. That way, we can flush Conservative turds out of government like we did in 2008.

Hey, hey, hoe, who, the mortgage deduction should go. Ditto for the state and local tax deduction.

What you fail to grasp -either because you're an ignoramus or a propagandist- is that home prices have those deductions already built into them. So if you eliminate those deductions, you lower housing prices. And what happens then? A housing crisis. Just like what happened in 2007-8.

 

[easyt65]

One tactic Russian trolls use is to pretend they're super-patriotic Americans by co-opting liberal symbols like Captain America.

 

[BulletProof]

This tax plan eliminates and caps certain deductions for homeowners. Home prices have those deductions already built in. If you eliminate them, home prices fall accordingly.

That's exactly why the mortgage deduction should be eliminated. It doesn't help people afford homes because it raises the prices of the homes.

BTW, Derp, are you getting to use the mortgage deduction on your taxes, or are you an impoverished damn fool who thinks the rich need your help? I mean, what explains you, Greed or Stupidity?

 

[easyt65]

You haven't proven beyond a shadow of a doubt that you're an American.

And you haven't proven you are not a c@ck-sucker who likes to take it from behind like your choice of avatars occasionally does (according to the movie)...

PROVE you are not.




Now please, enough about me and your denial of your twisted sex life....let's get back to the thread topic and the snowflakes' deranged fixation of

 

[TroglocratsRdumb]

The Dirty Democrats are outraged about the GOP middle class tax cuts

 

[easyt65]

The Dirty Democrats are outraged about the GOP middle class tax cuts

Understandable ... every dollar of their own money Americans are allowed to keep is one less dollar Democrats have to use to silence their sex crime victims.


.......'Now THAT'S Funny!'.........

 

[LordBrownTrout]

The middle-class doesn't benefit much from the mortgage deduction, even more so with the Republicans expanding the standard deduction (and eliminating the personal exemptions). The rich don't need it.

The middle class absolutely benefits from the mortgage interest deduction! Who told you they don't? Whoever did lied to you. Secondly, even eliminating that deduction and the property tax deduction will tank home prices, which will create a repeat of what happened in 2007-8 when housing prices tanked due to foreclosures. This time, housing prices are tanking because the deductions are being removed...so it's a self-inflicted gunshot wound that doesn't benefit anyone.

Also, the standard deduction isn't being expanded in any significant way. Conservatives lied and said it was being doubled. It's not. It's being increased about 20%. That doesn't make up for the loss of the interest and property tax deductions.

But go ahead and tank the housing market. That way, we can flush Conservative turds out of government like we did in 2008.

Hey, hey, hoe, who, the mortgage deduction should go. Ditto for the state and local tax deduction.

What you fail to grasp -either because you're an ignoramus or a propagandist- is that home prices have those deductions already built into them. So if you eliminate those deductions, you lower housing prices. And what happens then? A housing crisis. Just like what happened in 2007-8.

Both parties were involved in the housing as they threatened lending institutions to lend to sub-prime applicants. Banks didn't want to do this but they had to. You can blame O for blowing up that massive bond bubble thats about to pop like a stinking turd from all his QE forever 4 trillion dollar trinket fest.

 

[toobfreak]

This tax plan eliminates and caps certain deductions for homeowners. Home prices have those deductions already built in. If you eliminate them, home prices fall accordingly. Falling home prices leads to a housing crisis, which leads to an economic downturn. We know this because we just went through this shit 8 years ago.

The Conservative plan seems to be to tank the economy, explode the deficit, then use both as an excuse to impose the theocratic, oligarchic kleptocracy they've been dreaming about and admiring in Putin's Russia.

Real Estate Group Fears Tax Plan Could Lead To Housing Crisis On Long Island

Now that both the House and Senate have unveiled their plans, which slash or eliminate several deductions, including those for property taxes, many want to know what the proposals mean for them.​

Funny how the optimists will always see the glass half full while the pessimists always see the glass half empty.

 

[Wry Catcher]

Trump let the cat out of the bag when he spoke about the middle class benefiting from the Republican Tax Bill. The astute knew he was lying when he raised his tiny hands and said, "believe me".

Q. Why won't the version of the bill passed by the H. or Rep. be released on the Internet

A. Ryan knows it will be unpopular and that Trump and he have been lying all along, claiming that is will:

• Benefit the middle class
• Not benefit him, his family and the 1%ers

Guess what, the tax plan if passed, won't go into effect until after the 2018 election. And the worst consequences of the bill will not impact the middle and lower income families until after the 2020 election. The Republicans are not stupid, they are however dishonest to their core.

 

[ThunderKiss1965]

If the tax plan passes with these defects, save your $$$, buddies.

You will be able to buy a great home within the next six years as prices fall tremendously as we undergo another alt right far right caused recession.

The housing crisis was caused by forcing lenders to give loans to people who could never pay them back. Great attempt at revisionism .

New Study Finds CRA 'Clearly' Did Lead To Risky Lending

 

[The Derp]

If the tax plan passes with these defects, save your $$$, buddies.You will be able to buy a great home within the next six years as prices fall tremendously as we undergo another alt right far right caused recession.

Low home prices isn't a good thing. If housing prices fall, that creates a housing crisis, which leads to an economic downturn, which leads to job loss.