[patb]

[quote=SD Transplant]A quick note from the NAR chief was stating that the elimination of the MID will shave off about 15% of the current prices…….we shall see[/quote]

If interest rate keep dropping, the value of the MID drops.

Consider a $100K house with a 8% mortgage and 33% tax rate.

The interest is 8000/year. And the value of the MID is 2650 a year.

At 4% the mortgage is 4000 a year and the MID is worth 1300 a year.

As people payoff their houses, the MID decays anyways, so if you set the MID to cap at the median house and and decay over 10 years, it will have a lower impact.

Say you can apply 100 percent in the first year, and then 90% the next year
And 81% the next year,,,,

People won’t price that in. They will figure their incomes will increase

[patb]

[quote=jstoesz]When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)[/quote]

When you don’t tax people, they race out and hire millions of people.

(tongue in cheek)

[patb]

[quote=jstoesz]When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)[/quote]

When you don’t tax people, they race out and hire millions of people.

(tongue in cheek)

[patb]

[quote=jstoesz]When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)[/quote]

When you don’t tax people, they race out and hire millions of people.

(tongue in cheek)

[patb]

[quote=jstoesz]When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)[/quote]

When you don’t tax people, they race out and hire millions of people.

(tongue in cheek)

[patb]

[quote=jstoesz]When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)[/quote]

When you don’t tax people, they race out and hire millions of people.

(tongue in cheek)

[patb]

[quote=enron_by_the_sea]

I don’t have any issues with nude photos or intrusive pat downs. They are just annoyances that I am willing to go through to catch the underwear bomber![/quote]

That’s nice.

I don’t want to surrender my liberty and dignity.

[patb]

[quote=enron_by_the_sea]

I don’t have any issues with nude photos or intrusive pat downs. They are just annoyances that I am willing to go through to catch the underwear bomber![/quote]

That’s nice.

I don’t want to surrender my liberty and dignity.

[patb]

[quote=enron_by_the_sea]

I don’t have any issues with nude photos or intrusive pat downs. They are just annoyances that I am willing to go through to catch the underwear bomber![/quote]

That’s nice.

I don’t want to surrender my liberty and dignity.

[patb]

[quote=enron_by_the_sea]

I don’t have any issues with nude photos or intrusive pat downs. They are just annoyances that I am willing to go through to catch the underwear bomber![/quote]

That’s nice.

I don’t want to surrender my liberty and dignity.

[patb]

[quote=enron_by_the_sea]

I don’t have any issues with nude photos or intrusive pat downs. They are just annoyances that I am willing to go through to catch the underwear bomber![/quote]

That’s nice.

I don’t want to surrender my liberty and dignity.

[patb]

or i a payment doesn’t get credited.

[patb]

or i a payment doesn’t get credited.

[patb]

or i a payment doesn’t get credited.

[patb]

or i a payment doesn’t get credited.

[Author]

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