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They positively must be eliminated on the primary residence if want to halt the financialization of personal homes. Why should the related well-off be given a
by BenFranklin100 4y ago
They positively must be eliminated on the primary residence if want to halt the financialization of personal homes. Why should the related well-off be given a tax break anyway? It’s regressive. The US is one of the very few countries that allow mortgage interest to be deducted:
https://www.progressivemaryland.org/home_mortgage_interest_deduction_is_regressive https://www.progressivemaryland.org/home_mortgage_interest_d...
- devmor 4y agoI don't think someone buying a home for their family should be considered "well-off". That should be our base standard of living. The US is also one of the only countries where mortgages are so expensive. We wouldn't need the tax breaks if housing prices were low, I suppose.