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ParticipantWe are almost 7 billion now up from just under 2 billion in 1900. The situation is clearly not under control. Unhealthy food, dangerous medical “treatments,” chemicals in the water, radiation, etc… will all do their part to reduce life expectancy and general health. The obesity is a nice benefit because it also serves to limit breeding (fat people don’t have the energy to do as much and have bad self images). Poor diets also reduces people’s strength and mobility, helping keep them docile and easy to control.
If the numbers don’t start coming down quickly enough to curb population growth, some “unexpected” highly contagious diseases will appear soon.
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Participant[quote=AN][quote=CONCHO]Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would![/quote]
Except for those who are paying less for mortgage than comparable rent, even w/out mortgage deduction.[/quote]I think if they really phased the deduction out, home prices would drop drastically. Assuming cash-rich buyers pick these houses up at record low prices, what are they going to do with them? Rent them out! Bingo, lots more rental properties on the market will push rental prices down along with home prices.
I think it will be deflationary all around in housing, both in rent cost as well as home prices. People would moonwalk in huge numbers right into similar rentals discounted 30% also. Or, even better, they can just stop paying their mortgage, save the cash, wait 18 months for the foreclosure process to complete and then plop down cash for one of the new cheap houses!
In an immoral society, those with the most morals are destroyed first.
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Participant[quote=AN][quote=CONCHO]Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would![/quote]
Except for those who are paying less for mortgage than comparable rent, even w/out mortgage deduction.[/quote]I think if they really phased the deduction out, home prices would drop drastically. Assuming cash-rich buyers pick these houses up at record low prices, what are they going to do with them? Rent them out! Bingo, lots more rental properties on the market will push rental prices down along with home prices.
I think it will be deflationary all around in housing, both in rent cost as well as home prices. People would moonwalk in huge numbers right into similar rentals discounted 30% also. Or, even better, they can just stop paying their mortgage, save the cash, wait 18 months for the foreclosure process to complete and then plop down cash for one of the new cheap houses!
In an immoral society, those with the most morals are destroyed first.
blahblahblah
Participant[quote=AN][quote=CONCHO]Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would![/quote]
Except for those who are paying less for mortgage than comparable rent, even w/out mortgage deduction.[/quote]I think if they really phased the deduction out, home prices would drop drastically. Assuming cash-rich buyers pick these houses up at record low prices, what are they going to do with them? Rent them out! Bingo, lots more rental properties on the market will push rental prices down along with home prices.
I think it will be deflationary all around in housing, both in rent cost as well as home prices. People would moonwalk in huge numbers right into similar rentals discounted 30% also. Or, even better, they can just stop paying their mortgage, save the cash, wait 18 months for the foreclosure process to complete and then plop down cash for one of the new cheap houses!
In an immoral society, those with the most morals are destroyed first.
blahblahblah
Participant[quote=AN][quote=CONCHO]Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would![/quote]
Except for those who are paying less for mortgage than comparable rent, even w/out mortgage deduction.[/quote]I think if they really phased the deduction out, home prices would drop drastically. Assuming cash-rich buyers pick these houses up at record low prices, what are they going to do with them? Rent them out! Bingo, lots more rental properties on the market will push rental prices down along with home prices.
I think it will be deflationary all around in housing, both in rent cost as well as home prices. People would moonwalk in huge numbers right into similar rentals discounted 30% also. Or, even better, they can just stop paying their mortgage, save the cash, wait 18 months for the foreclosure process to complete and then plop down cash for one of the new cheap houses!
In an immoral society, those with the most morals are destroyed first.
blahblahblah
Participant[quote=AN][quote=CONCHO]Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would![/quote]
Except for those who are paying less for mortgage than comparable rent, even w/out mortgage deduction.[/quote]I think if they really phased the deduction out, home prices would drop drastically. Assuming cash-rich buyers pick these houses up at record low prices, what are they going to do with them? Rent them out! Bingo, lots more rental properties on the market will push rental prices down along with home prices.
I think it will be deflationary all around in housing, both in rent cost as well as home prices. People would moonwalk in huge numbers right into similar rentals discounted 30% also. Or, even better, they can just stop paying their mortgage, save the cash, wait 18 months for the foreclosure process to complete and then plop down cash for one of the new cheap houses!
In an immoral society, those with the most morals are destroyed first.
blahblahblah
Participant[quote=Huckleberry]
What about the affect of Obama repealing the mortgage interest deduction or significantly reducing it? I HEAVILY lean toward the belief that high end home prices will degenerate quickly if this tax provision is eliminated!Other thoughts?[/quote]
Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would!
blahblahblah
Participant[quote=Huckleberry]
What about the affect of Obama repealing the mortgage interest deduction or significantly reducing it? I HEAVILY lean toward the belief that high end home prices will degenerate quickly if this tax provision is eliminated!Other thoughts?[/quote]
Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would!
blahblahblah
Participant[quote=Huckleberry]
What about the affect of Obama repealing the mortgage interest deduction or significantly reducing it? I HEAVILY lean toward the belief that high end home prices will degenerate quickly if this tax provision is eliminated!Other thoughts?[/quote]
Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would!
blahblahblah
Participant[quote=Huckleberry]
What about the affect of Obama repealing the mortgage interest deduction or significantly reducing it? I HEAVILY lean toward the belief that high end home prices will degenerate quickly if this tax provision is eliminated!Other thoughts?[/quote]
Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would!
blahblahblah
Participant[quote=Huckleberry]
What about the affect of Obama repealing the mortgage interest deduction or significantly reducing it? I HEAVILY lean toward the belief that high end home prices will degenerate quickly if this tax provision is eliminated!Other thoughts?[/quote]
Oh yeah, home prices would collapse. Also, people will moonwalk away from the mortgages en masse. I know I probably would!
blahblahblah
ParticipantAll done by design. They want to get life expectancy down to about 65 so that people die once they are about to retire and start drawing benefits. Hence the subsidization of unhealthy foods.
I can see the day coming when even your home garden is gonna be against the law.
— Bob Dylan, “Union Sundown”
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ParticipantAll done by design. They want to get life expectancy down to about 65 so that people die once they are about to retire and start drawing benefits. Hence the subsidization of unhealthy foods.
I can see the day coming when even your home garden is gonna be against the law.
— Bob Dylan, “Union Sundown”
blahblahblah
ParticipantAll done by design. They want to get life expectancy down to about 65 so that people die once they are about to retire and start drawing benefits. Hence the subsidization of unhealthy foods.
I can see the day coming when even your home garden is gonna be against the law.
— Bob Dylan, “Union Sundown”
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