[lucysmom]

First of all Rob the tax wouldn't affect Real Estate, because it probably would be exempt from sales taxes as it is now. Things such as Property, vehicles (in most states), and other "real" property is assessed sales taxes and wouldn't fall under consumer goods taxed under the fait tax, I would hope.

Not only would the purchase of a new home be taxed, unless it is purchased as a rental - then it would be tax free, but the renter would pay 30% FairTax every month on the rent.

Would the new home purchased as a business investment and later sold to an individual as a residence then be taxed because it was untaxed when sold as new? If the resale is taxed, and the value of the home increased, would the tax be on the original selling price or the current market price? What effect would giving a business or investor a tax advantage over private purchase of real property have on the market?

[phoenix0468]

Not only would the purchase of a new home be taxed, unless it is purchased as a rental - then it would be tax free, but the renter would pay 30% FairTax every month on the rent.

Nope, not ever. Sales taxes don't apply to real property, not even in the Fair tax debate. And rent would most assuredly not be taxed. Then you go on to talk about the home being taxed and taxed again. Your ignorance is abundant.