Tiger Board Logo

Donor's Den General Leaderboards TNET coins™ POTD Hall of Fame Map FAQ
search
GIVE AN AWARD
Use your TNET coins™ to grant this post a special award!
W
50
Big Brain
90
Love it!
100
Cheers
100
Helpful
100
Made Me Smile
100
Great Idea!
150
Mind Blown
150
Caring
200
Flammable
200
Hear ye, hear ye
200
Bravo
250
Nom Nom Nom
250
Take My Coins
500
Ooo, Shiny!
700
Treasured Post!
1000
YOUR BALANCE
Found on Zillow - a 700 sqft house in Pigeon Forge
storage This topic has been archived - replies are not allowed.
Archives - General Boards Archive
add New Topic
Replies: 3
| visibility 308

Found on Zillow - a 700 sqft house in Pigeon Forge


May 12, 2022, 8:34 AM

for $699k

In September 2019 it sold for $149k

We really wanted to find a small vacation home but certainly can't nowadays.

Anyone think this is a bubble that will burst or is this just how it's going to be?

flag link military_tech thumb_downthumb_up

I tend to doubt the primary home market will burst like it


May 12, 2022, 8:41 AM

did after 2008. That said, I would wait to buy a vacation home or rental property. Interest rates are climbing, which should cool the market somewhat. We may also be in for a rough economic stretch over the next year or so, which could lead to weakened demand for vacation properties/second homes.

flag link military_tech thumb_downthumb_up

I think it comes down. Hopefully very slowly.


May 12, 2022, 9:14 AM

Found something interesting the other day. Federal revenues are WAY up. Like WAY, WAY up.



Another concerning thing, or unprecedented really......Federal revenue as a percentage of GDP.....that chart is in all time record territory at 20%+. The dirty little secret with our tax code is that INCOME tax brackets don't really matter as much as we think. Tax the rich is ALWAYS an argument to raise INCOME tax brackets, and people THINK that raises revenue for the government. In reality, it doesn't. The rich pay capital gains, and are taxed at a lower rate as a result. They also leverage debt on their assets instead of selling their assets. That way they can live on debt, keep their assets, and pay zilch in taxes. They only pay taxes on what they need to service their personal debt. This is at the crux of our tax problem. But, over time, since WW2, federal revenue has ALWAYS been between 15-20% of GDP. ALWAYS, no matter if the top INCOME bracket is 95%, or 29%. No difference. Which makes the chart below well, concerning. Also, the chart below is suspiciously missing from official sources like the Federal Reserve, or the Treasury websites. They all stop their charts in 2020.



The charts above indicate the wealthy are actually cashing in assets they would normally have borrowed against. The spending of the very wealthy has drastically changed is what this shows. They are liquidating assets they have traditionally not liquidated. I would love to see a breakdown chart of capital gains tax revenue versus income revenue over the past 10 years. Internet doesn't seem to have one of those either. Humm......

2024 orange level memberbadge-donor-15yr.jpgringofhonor-tiggity-110.jpg flag link military_tech thumb_downthumb_up


Re: Found on Zillow - a 700 sqft house in Pigeon Forge


May 12, 2022, 9:17 AM

P E A N U S

I can't function in tnet without treeview

flag link military_tech thumb_downthumb_up


Replies: 3
| visibility 308
📰 E-Mail News Alerts

TigerBoard POTD

Last Day of Classes at Clemson

by Gilbers72®

Archives - General Boards Archive
add New Topic