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Does this account for mortgage interest rate deduction and the cost of renting a similarly sized home? I think the boomers will trigger a sell off but as long
by opportune 7y ago
Does this account for mortgage interest rate deduction and the cost of renting a similarly sized home?
I think the boomers will trigger a sell off but as long as population grows due to immigration, there will probably never be a glut.
- patrickthebold 7y agoMortgage interest rate deduction is much less important since the standard deduction doubled under Trump. There's lots of home owners will will take the standard deduction now.
- themagician 7y agoNet immigration is also declining. There is no indication I can see that these trends will reverse. If anything it seems like the rates of decline may accelerate more rapidly like they did in Japan. Perhaps when the boomers die off the next generation will open the borders so someone can pay for their entitlements. Perhaps.