operating different than it was in the early 80s. you knocked to down to three straight principals. the tiger amendment cut capital gains in half to 29%. that was back in the 70s. it cut rates and encouraged people to get out there and invest and make a profit bus the gain on that will be a lot less. reversed today where we are talking about raising capital gains taxes. and you are also talking about relaxes standards. they were more relaxed in the 800s. yes. changes were made to what was called the pension law. it allowed pension funds, strangely enough, to take risk to invest in start-up companies like apple and steve jobs. the reverse is true today. you have financial reform which clamps down on risk and says you can t do that. there s an army ofors looking
felicia taylor in new york. we ll be right back after this break. time now for the help desk, where we get answers to your financial questions. joining me this hour, donnaery so theo, and john from smartcredit.com. fred in california asks, i own my home, free and clear. but i want to move into a different city now that prices are low. should i try to sell now, or get a mortgage and rent my house until the market is better? i have a credit rating in the 800s, but not much money for a down payment. this is an interesting conundrum. i can tell you there are a lot of people in california who would like to have zero mortgages, not two mortgages. i think the first thing he should do is sell the house, play is safe, it s a buyers market right now. and ten go out and find a new home. especially with a credit score of 800. he is in the elite credit risk level right now. the problem he may run into, if he takes the rent it out and buy a new house strategy, what if