Rents SKYROCKETING, but there is no inflation

S

S2007S

Another reason why rents are skyrocketing ....QE QE QE QE QE
But fools dont understand this....there is no inflation either, I mean that's what all the economists say and those at the federal reserve...so we have to believe them....
Nope no inflation oh and more QE will only push rents even higher ....but don't worry equities will follow so that should pay for the increased rents ...

Remember there is no inflation ...
Fools

http://www.cnbc.com/id/102159830
 
I sold my house about 5 years ago, for exactly what I owed on it, after at one time it being appraised for twice what I paid for it. No inflation there. Now I am a very happy renter, and my rent today is exactly what it was when I moved in five years ago.
 
Talking about houses this is the most expensive listing ...

$195,000,000

Again this price wouldn't be $195,000,000 if there was no such thing at QE

Probably worth no more than $50,000,000 if the housing market was never propped up as prices are now inflated ..
 
S2007S said:
Talking about houses this is the most expensive listing ...

$195,000,000

Again this price wouldn't be $195,000,000 if there was no such thing at QE

Probably worth no more than $50,000,000 if the housing market was never propped up as prices are now inflated ..
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eliminating the mortgage exemption for all houses purchased after 2016 would be a good start to freeing the housing market from artificial stimulus. Plus, you would see a big rush to purchase houses before the exemption expires.

It is a bad tax break which subsidizes the rich at the expense of the ordinary tax payer.

Not that somebody paying less taxes actually costs anybody any money, but somebody has to pay for this expensive government we have voted for.
 
Seriously? People are looking at ways to fix the tax mess? Bankers don't consider public sector debt to be in crisis until they are short term lending 60% of each unit of long term payment. We're fine, we can keep growing government for years!
 
Suppose a whole bunch of people bought houses, and then lost their houses due to finally being foreclosed, and then went into the rental market. Wouldn't that increase pressure on the rental market and perhaps cause rents to rise?
 
loyek590 said:
eliminating the mortgage exemption for all houses purchased after 2016 would be a good start to freeing the housing market from artificial stimulus. Plus, you would see a big rush to purchase houses before the exemption expires.

It is a bad tax break which subsidizes the rich at the expense of the ordinary tax payer.

Not that somebody paying less taxes actually costs anybody any money, but somebody has to pay for this expensive government we have voted for.
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Terrible idea. Sounds like something a socialist would think up...oh wait, Obama already floated the idea.
 
Clubber Lang said:
Terrible idea. Sounds like something a socialist would think up...oh wait, Obama already floated the idea.
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oh, and I am also for eliminating the charity deduction
then you can sic the IRS on anyone you want, it won't make any difference

why do you say it is a terrible idea? I am just subsidizing people who own five mansions
 
TooOldForThis said:
Suppose a whole bunch of people bought houses, and then lost their houses due to finally being foreclosed, and then went into the rental market. Wouldn't that increase pressure on the rental market and perhaps cause rents to rise?
More...
loyek590 said:
I sold my house about 5 years ago, for exactly what I owed on it, after at one time it being appraised for twice what I paid for it. No inflation there. Now I am a very happy renter, and my rent today is exactly what it was when I moved in five years ago.
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it doesn't apply to new york city and miami where the rich from all over the world buy just in case the sky falls in their home countries. think russians and chinese. then there where the american fools in miami, the hub to s.a.. AND WINTER SUN, who sold to the canadians and to the brazilians and other south americans. they missed the big time rebounds + new highs.
 
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loyek590 said:
why do you say it is a terrible idea? I am just subsidizing people who own five mansions
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If you repealed the mortgage deduction, the housing collapse would make 2007-2009 look mild...and there would be no rebound.
The middle class needs the deduction more than the "mansion owners" who usually pay cash.
 
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