3 ms·

I don't believe this. People tend to max out what they pay for their mortgage so if they have a tax deduction they just will pay more for houses. Which then ben

I don't believe this. People tend to max out what they pay for their mortgage so if they have a tax deduction they just will pay more for houses. Which then benefits the owning class. If you remove mortgage deduction, I'll buy 10 houses just because others can't use their deductions to offset the mortgage. There are all cash buyers sitting around the corners. I advocate for capping the total mortgage deduction.

maxxxxx 8y ago
"I advocate for capping the total mortgage deduction" I agree about capping. Same for capital gains. Put a cap on it that lower income have an incentive to invest. Capping mortgage deductions would also make real estate "investing" less interesting so the money would go to other purposes than driving up house prices.