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Is the government really considering giving tax breaks to robber barons who purchase
foreclosed homes that are not bought can bring down property values in a neighborhood. In many neighborhoods they will become vandalized and eye sores for a community. They need to be bought!
foreclosed homes that are not bought can bring down property values in a neighborhood. In many neighborhoods they will become vandalized and eye sores for a community. They need to be bought!
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Although I hope they're not turned into Section VIII housing. For if they are, the result will be the same.
No. I wouldn't refer to buying a vacant home as robbing the poor.
25MM jobs in 10 years / 4% GDP Growth / Insurance for everybody / Schools flush with cash don't produce results
Jan 2017: 4.7% U-3, 9.2% U-6, 62.7% LFPR, 5.2% Real Wages, 2.6% GDP, 19,827 DJIA, 2,271 S&P500, $2.316/gal
foreclosed homes that are not bought can bring down property values in a neighborhood. In many neighborhoods they will become vandalized and eye sores for a community. They need to be bought!
True, but the government shouldn't be bailing out the speculators.
Also, I think Schwa may be confusing property purchasers. Those who buy foreclosed homes are not the same as the property tax purchasers.
Nature always sides with the hidden flaw.
We will have to repent in this generation not merely for the hateful words and actions of the bad people but for the appalling silence of the good people.
People who buy foreclosed homes are HOME BUYERS. The government uses the tax code to encourage HOME BUYING. Absolutely nothing wrong with that - at least as long as it's OK with you that the government uses the tax code as any kind of instrument of social control at all. I can sympathize with those who think that ALL "tax breaks" are inherently wrong.
People who buy foreclosed homes in which they will reside are HOME BUYERS. The government uses the tax code to encourage HOME BUYING. Absolutely nothing wrong with that - at least as long as it's OK with you that the government uses the tax code as any kind of instrument of social control at all. I can sympathize with those who think that ALL "tax breaks" are inherently wrong.
Fixed.
Others are investors, not that there is anything wrong with that. What I don't get are the government bailouts of some investors, but not others.
Nature always sides with the hidden flaw.
We will have to repent in this generation not merely for the hateful words and actions of the bad people but for the appalling silence of the good people.
That's obviously not one you're too strict aboot if you've been voting Republican all these years.
I claim you don't understand what some of the current tax breaks are really about and where the money comes from and goes to if you can make that statement.
I'd personally be fine with no deductions at all and lower rates. That would, of course, be a super-boon to the rich, so it's not going to happen. And of course, the gubmint loses its #1 instrument of social control.
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