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yeah, we have two contradictory goals with housing: making it more affordable, while simultaneously inflating housing prices. If you removed the interest deduc
by stretchwithme 16y ago
yeah, we have two contradictory goals with housing: making it more affordable, while simultaneously inflating housing prices.
If you removed the interest deduction, the first time buyer subsidies, the capital gains exclusion of $250k and whatever else they do, you'd see an even steeper decline.
- grandalf 16y agoWhy should making housing affordable be a goal? What exactly does that mean? Why is someone earning a low income better off being locked into a 30 year mortgage at a rate of 6% on something that will appreciate at 1% per year on average?