I share your experience - I lived in both Texas and Florida in modest houses, and I think we could take the MID only once. It's getting to where it's not that

I share your experience - I lived in both Texas and Florida in modest houses, and I think we could take the MID only once. It's getting to where it's not that clear that a McMansion is a "have" thing, especially if it take maxing out the mortgage. The real difference between "haves" and "have nots" is their credit rating. In places, the premium for rental may approach 100% of the payment if the same owner occupied the same house in a 20% down mortgage. But at the same time, people will max the mortgage out, so selling a 3-1 in Manhattan, Ks may be a very real challenge.