I don’t think going to a tax situation which would allow potential home owners to only have to earn the purchase price of the home in order to make that purchase is going to hurt the real estate market in any shape form or fashion! In fact, I think quite the opposite would happen!
Please see the White Paper linked to below.
http://www.fairtax.org/PDF/PromotingHomeOwnership.pdf
Haven't seen you around here in ages, how are you my friend?
I'm just a little over two years away from being able to pull the plug here in the People's Socialist RepubliK of Illinois and head to Texas.
We're looking around Fredricksburg. Admiral Nimitz's home town.