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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 wan
by 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 agoNo, 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 agoAh! 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.