3 ms·
Interest is also partially tax deductible, has been for ages. It makes no sense at all and has only served to fan the flames of an already overheated housing m
by marginalia_nu 4y ago
Interest is also partially tax deductible, has been for ages. It makes no sense at all and has only served to fan the flames of an already overheated housing market. It's mostly lingered because nobody wants to be the one to rip off the band-aid. It would have been a very good opportunity to do it when the interest rates were negative, but still no. And at this point, it would it's inconceivable. Tens of thousands of households would be pushed over the brink.