Printer Friendly

REAL ESTATE EXPERTS AVAILABLE FOR COMMENT ON BUSH PROPOSALS

 REAL ESTATE EXPERTS AVAILABLE FOR COMMENT ON BUSH PROPOSALS
 ISSUES: If passed by Congress, President Bush's proposals for stimulating the real estate industry will have a significant impact on the economy and could affect California as early as this summer, possibly stimulating a recovery by early 1993, according to David Eisner and Frederick Pierce of the Price Waterhouse Real Estate Group.
 According to Eisner and Pierce:
 -- The proposal will give the housing industry a shot in the arm, but construction lending is critical to the recovery of the industry and it was not adequately addressed. Building consumer confidence to stir investments and spending is also a must to re-track the derailed economy train.
 -- A reduced capital gains tax provides significant tax incentives for long-term investment thus pumping capital into the system.
 -- The most glaring weakness in the President's proposed program was his call for modifying the passive loss rules for active developers only. By excluding investors in the passive loss rule changes, the revisions will not offset the punitive effects on potential investors.
 SPOKESPERSONS: Eisner and Pierce are available immediately for telephone or in-person interviews.
 Eisner is managing partner of the Price Waterhouse Real Estate Group, headquartered in Los Angeles. A 20-year real estate veteran, Eisner oversees all activities of the group which provides a wide range of real estate related consulting services.
 Pierce is director of consulting services for Price Waterhouse. Pierce played an active role in developing recommendations for the Senate Republican Task Force on Real Estate, many of which were incorporated into the President's agenda.
 CONTACT: Gregory Romano or Cheryl Cooper of Berkhemer Kline Golin/Harris, 213-623-4200, for David Eisner and Frederick Pierce.
 -0- 1/29/92


CO: ST: California IN: SU:

CH-EH -- LA030 -- 5014 01/29/92 19:52 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 29, 1992
Words:294
Previous Article:UCI CANCER CONFERENCE TO BE HELD FEB. 21 -22
Next Article:STATE REMAINS READY TO RESPOND TO POSSIBLE FLOOD EMERGENCY
Topics:


Related Articles
REAL ESTATE OFFICIALS TO MEET WITH BUSH TO DISCUSS RECOVERY FOR NATIONAL ECONOMY
WHITE HOUSE HEEDS REAL ESTATE SOS; FINANCE EXPERT SAYS GOVERNMENT ACTION WILL FUEL HOUSING REBOUND IN LATE 1992
TAX CREDIT FOR FIRST-TIME BUYERS SHOULD BOOST FLORIDA HOUSING MARKETS
BUSH'S TAX PROPOSALS MUST GO FURTHER TO RESTORE FAIRNESS, NAR SAYS
PRESIDENT'S REAL ESTATE INVESTMENT INCENTIVES ENDORSED BY RTC ADVISORY BOARD
ABLI members testifies for major tax revision.
CLINTON HOUSING/REAL ESTATE TAX PACKAGE SHOULD BE ENACTED, NAR TESTIFIES
FEDERAL AGENCIES PROPOSE NEW RULE ON REAL ESTATE APPRAISALS
Maligned zoning plan quietly dies.
REBNY proposal boosts 421-a certificate value.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters