Housing Bubble and Taxes

This article in the IHT postulates that preferential tax treatment helped inflate the U.S. housing bubble.

Well, the true solution is for the U.S. to follow Singapore and Hong Kong and simply eliminate capital gains taxes on all assets. Lol, the U.S. gov though, can't keep their dirty hands of peoples' money.

http://www.iht.com/articles/2008/12/19/business/19tax.php