5 ms·

I'd flip that around and say that's $70bn saved for people. It's not called a tax break for nothing. Why do you consider the mortgage interest deduction an abo

by ersii 10y ago

I'd flip that around and say that's $70bn saved for people. It's not called a tax break for nothing. Why do you consider the mortgage interest deduction an abomination?

tptacek 10y ago
Because it's hugely regressive.
- ersii 10y ago
  Yes, that is how it works - which is not what I asked, unless that is the sole reason you think it's an abomination?
- tormeh 10y ago
  Also, high home ownership causes NIMBYism and high leverage causes bubbles. It's hard to come up with a worse idea than mortgage interest deduction.