3 ms·
>"You also get a decent tax break on a mortgage." Used to get a decent tax break. But Republicans made sure to stick it to Blue states with reducing the mortga
by shostack 9y ago
>"You also get a decent tax break on a mortgage."
Used to get a decent tax break. But Republicans made sure to stick it to Blue states with reducing the mortgage cap for deduction from $1M to $500k.
- nasredin 9y agoI have no idea why this is not a huge grab-your-pitchforks thing in California.
- shostack 9y agoIt is, but we're a Blue state without the representation warranted for our size because of how our system works.
- infinite8s 9y agoThat's only for newly purchased homes, so current jumbo mortgages can still deduct for up to $1M in principal.