3 ms·

I think adding an upper limit to MID would serve everyone well.

• hkmurakami 9y ago
  Already exists.
• deleted 9y ago
  [deleted]
• tanderson92 9y ago
  It is currently in-place at $1m of mortgage debt, and this fact was mentioned numerous times in TFA. It was mentioned in the article that Rep. Keith Ellison wants to move that number down to $500k.
  • accountyaccount 9y ago
    No, I mean remove it entirely. If you're buying a $1m property you don't qualify for any MID. From the first $1 on.
    • tanderson92 9y ago
      Ah! It's a good thought. I would be concerned that it's regressive in a different way. As it is you already see people unable to afford certain cities. This will only compound the effect since regional differences in real estate markets trump the difference within. It might work, but that is my reservation.