“I wonder how the new law eliminating tax liability for short sales will boost the big chunks and set lower comps as we move forward.”
I have to believe this is removing yet another block to people just walking away, which is why I’ve always supported the concept of removing the tax punishment, as it favors speeding the collapse, and subsequent recovery. In my mind this is the ONLY government intervention that makes any sense at all. Perhaps it makes the banks the bagholders in the end, but so be it.
I’m admittedly not economically savvy enough to know which is better or the economy as a whole, a slow decline or a rapid crash, but I know which is better for me. I’ll take the crash please….
