What is one of the main risks associated with the current trend of buying and flipping homes?
Luxury Homes Could Lose 40% in Value, Says Mozilo

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Improved tax benefits for homeowners
Higher interest rates on mortgages
Market saturation and potential losses
Increased demand for luxury homes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the recent tax bill affected high-income homeowners in states like New York and California?
It has limited their deductions, leading to decreased home sales.
It has allowed them to deduct more real estate taxes.
It has had no significant impact on their tax deductions.
It has increased their ability to deduct mortgage interest.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of value loss does the speaker suggest could occur in high-value homes?
10%
40%
25%
50%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the speaker, who besides the rich will be affected by the downturn in the housing market?
Only financial advisors
Service workers like gardeners and restaurant staff
Only construction workers
Only real estate agents
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does housing play in the overall economy, as discussed in the final section?
A role only in urban areas
A major role influencing economic trends
A minor role with little impact
No role in economic fluctuations
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