So the major thread they have to hang on is that these would normally be misdemeanors not Felonies. But the NY DA made them felonies due the timing of the election cycle back when this happened as it could have damaged Trumps campaign. IANAL.

NPR Politics Podcast did a good explanation of this appeal and forecasted this is the most likely appeal. That and the botched juror instructions.

I peaked over at reddits conservative… And this verdict has not only not dissuaded them… But has emboldened them. This “proves” we are in a Banana Republic and that the system is against trump

You never heard a sound like the rubberbad man…

Millenials can’t afford cars…

Capital gains is always taxed at your normal bracket for holdings less than a year old and fall under special long term brackets for holdings >1 year. Those brackets are much smaller than income.

Capital gains isn’t the issue. The issue is people taking out loans against their securities or other assets at often very affordable rates (until recently). Those loans are their income, the interest on those loans are deductible and they never have to sell their assets.

As long as interest paid is lower than taxes on capital gains the behavior will never shift.

Housing prices don’t crash. Not really. People don’t want to take the loss. The nominal price may stay flat and the real price may go down as a result… That feels more likely

1. Agreed

2. I’d argue that people can only pay what they can pay. They won’t pay extra, they’ll buy smaller homes with smaller valuations to keep their payments reasonable. If you can’t afford to put up another 1k/month then you won’t.

3. Again, people can afford to move just not for their established QoL. If you own a 4bd house in a good school district are you going to downgrade to a 3bdrm in an ok district? Maybe? Probably not unless the money is good.

Also rich people aren’t buying homes with mortgages. They are just buying them with cash… Or putting so much down that their mortgage is reasonable.