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Tax deductible mortgage interest is a favorite whipping boy, but consider the alternative - It would be more effective for corporations to buy properties and re
by GauntletWizard 3y ago
Tax deductible mortgage interest is a favorite whipping boy, but consider the alternative - It would be more effective for corporations to buy properties and rent them out, because corporations could still charge the mortgage payments as operating loss. I would gladly incorporate a C-Corp and rent my house at market rate to myself.
- RC_ITR 3y agoI would prefer that too. The more people are exposed to the true cost of housing, the more likely they are to care about it. I also don’t think it’s an intrinsic good that people own their homes. Looks what it has done in places like CA where nothing gets built anymore.