[E. Pluribus Unum]

All the mortgage deduction does is raise the price people are willing to pay for houses.

Eliminate it and the market price of houses will come down accordingly and the result will be a wash.

[lodi90]

All the mortgage deduction does is raise the price people are willing to pay for houses.
Eliminate it and the market price of houses will come down accordingly and the result will be a wash.

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Exactamundo. Right now in areas like the S. F. Bay Area if you are a young home buyer and don’t have rich parents you are frozen out of the market.