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What are you talking about? Mortgage interest deduction determines how much money a private person pays in taxes to the federal government each year, relative t
by alttab 11y ago
What are you talking about? Mortgage interest deduction determines how much money a private person pays in taxes to the federal government each year, relative to their income minus deductions. It does not directly impact home sale price.
- marrington 11y agoThe National Association of Realtors argues that removing the mortgage interest deduction would reduce home values by 15%. There are likely other less biased studies as well but that was the first that I found during a quick search. More at https://en.wikipedia.org/wiki/Home_mortgage_interest_deduction#Opinions_about_the_deduction https://en.wikipedia.org/wiki/Home_mortgage_interest_deducti...