Comments for Housing Bubble Boondoggle: "Is it too late to get out"? at http://atlanticfreepress.com , comment 1 to 3 out of 3 comments http://atlanticfreepress.com Thu, 09 Feb 2012 23:57:43 +0100 FeedCreator 1.7.3 http://atlanticfreepress.com/news/1/1456-housing-bubble-boondoggle-qis-it-too-late-to-get-outq.html#comment-1999 Mortage interest and charitable contributions are treated the same way under AMT and under the regular tax code. - a guest Fri, 27 Apr 2007 19:43:22 +0100 http://atlanticfreepress.com/news/1/1456-housing-bubble-boondoggle-qis-it-too-late-to-get-outq.html#comment-1996 There is no other way out of this other than an all out crash. Schumer wants a bailout so those who would have otherwise dumped their properties will hold on to them instead; thus having SOME control over rising inventory. This will not help out those who are overleveraged; these people will default eventually. It's like someone carrying a huge bucket over their head that is full of heavy stones (debt); eventually that persons' back is arched and his knees are buckling and he can barely walk. Schumer wants to remove just enough of those stones to keep that person mobile; that persons' strength (equity) is still weakening. He knows this person is going to default, he is just trying to delay it until it is convenient for him. Is this what you call living? This is surfdom at its best. What incentive is there for this person to hold on? Just walk away! Schumer is trying to duct tape a broken housing bubble with taxpayer funds, but we know anything we fix with duct tape doesn't last long. - a guest Fri, 27 Apr 2007 15:44:26 +0100 http://atlanticfreepress.com/news/1/1456-housing-bubble-boondoggle-qis-it-too-late-to-get-outq.html#comment-1994 As more and more people find out that their property taxes, mortage interest, charitiable contributions and state income tax is not deductable. Because of Alternate Minimum Tax because of wage inflation, and the exemption not raised or indexed for inflation, more and more people will not want to own a home. This will contribute to the forclosure rate. - a guest Fri, 27 Apr 2007 08:10:38 +0100