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Removal of mortgage interest deduction could reduce prices without involving (private bank, not government employees) Federal Reserve. I don't expect demand for
by landemva 4y ago
Removal of mortgage interest deduction could reduce prices without involving (private bank, not government employees) Federal Reserve. I don't expect demand for housing would change much, once prices adjust lower.
- PopAlongKid 4y agoMaybe not as much as you'd expect. I assume you are talking only about homeowner mortgage interest deduction, not landlord (investor), so that is a large chunk of the inventory that would not be affected. Also, with the temporary (TCJA) increase in standard tax deduction, fewer people than ever get any tax benefit for their mortgage interest, not to mention those who don't have mortgages because they've lived there so long.