3 ms·

> The US needs to make a policy decision: are houses investments or a way to nurture and grow the lower and middle class? They already have. home buyer loans a

> The US needs to make a policy decision: are houses investments or a way to nurture and grow the lower and middle class? They already have. home buyer loans are backed by the government. You can write off loan interest. Investors pay taxes on income from the investment (net rent and capital gains) ... Also just like in education space the more the government subsidizes the pricing, the more it gets inflated. So more incentives will just lead to more demand and higher prices. What we really need is more supply and elasticity. More houses, and more people willing to say "F--- this I'm moving to CheapTown"

reedjosh 5y ago
> You can write off loan interest. Which only matters if you somehow go above the crazy high $25k standard deduction. I am fairly well off and have kids and student loan debt to write off interest on as well, but I've never broke $19k in write offs. So, unless you have a business or something, the interest write off is kinda useless.
- VirusNewbie 5y ago
  You must live in a low CoL state? I'm easily above that, 10k for state taxes and paying 20k in interest a year isn't that much.
  - reedjosh 5y ago
    > You must live in a low CoL state? Ish... 2500 in property tax (house is >100yrs old), and 3.125% interest on a loan w/$285k left on the mortgage. > 10k for state taxes Are you saying you can write off your state taxes?
    - CuriouslyC 5y ago
      It's capped, but yeah. That's the SALT tax cap that has been a point of political contention.
HWR_14 5y ago
> just like in education space the more the government subsidizes the pricing, the more it gets inflated. People keep saying this, but I haven't seen any real evidence of that. In education or personal home ownership. Do you have any studies that actually show any causation, or is this all correlation?

3 ms·

> The US needs to make a policy decision: are houses investments or a way to nurture and grow the lower and middle class? They already have. home buyer loans a

by maerF0x0 5y ago

reedjosh 5y ago
> You can write off loan interest. Which only matters if you somehow go above the crazy high $25k standard deduction. I am fairly well off and have kids and student loan debt to write off interest on as well, but I've never broke $19k in write offs. So, unless you have a business or something, the interest write off is kinda useless.
- VirusNewbie 5y ago
  You must live in a low CoL state? I'm easily above that, 10k for state taxes and paying 20k in interest a year isn't that much.
  - reedjosh 5y ago
    > You must live in a low CoL state? Ish... 2500 in property tax (house is >100yrs old), and 3.125% interest on a loan w/$285k left on the mortgage. > 10k for state taxes Are you saying you can write off your state taxes?
    - CuriouslyC 5y ago
      It's capped, but yeah. That's the SALT tax cap that has been a point of political contention.
HWR_14 5y ago
> just like in education space the more the government subsidizes the pricing, the more it gets inflated. People keep saying this, but I haven't seen any real evidence of that. In education or personal home ownership. Do you have any studies that actually show any causation, or is this all correlation?