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Perhaps it is time for people with incomes lower (and very low assets/net worth) to be able to deduct their rent from their income, the same way mortgage intere
by lr 13y ago
Perhaps it is time for people with incomes lower (and very low assets/net worth) to be able to deduct their rent from their income, the same way mortgage interest is...
- VLM 13y agoI don't see any point in this. By supply and demand it will just explode prices upward, probably by about the amount deducted. So the poor will have to do more paperwork to keep up yet are those least able to do so, and the rich will get richer because rents will go up. Doesn't seem to be the desired outcome. The same thing happens with social engineering of tuition costs or health care costs or day care costs or pretty much anything centrally controlled.