To: E. Pluribus Unum
The mortgage interest deduction is the government pretending to give you something, and you believing it.
The net result is to pump up the price of houses.
No, the mortgage interest deduction is the government taking less of your money, just like every other deduction.
The net result of eliminating it right now would be to further depress the price of homes.
No sale.
11 posted on
06/18/2012 10:02:04 AM PDT by
Dr. Sivana
("You forget, it isn't who you claim, but instead, who claims you. We don't claim you!")
To: Dr. Sivana
The net result of eliminating it right now would be to further depress the price of homes No sale.
The net result would be to continue forcing the price of houses down to their actual value.
We have had lots of inflation over the past decades, it was simply disguised as a rise in housing prices due to the abandonment of sound mortgage underwriting principles.
The mortgage deduction just adds to it.
18 posted on
06/18/2012 10:14:02 AM PDT by
E. Pluribus Unum
(Government is the religion of the sociopath.)
To: Dr. Sivana
The net result of eliminating it right now would be to further depress the price of homes. Why should government be in the business of inflating real estate prices?
To: Dr. Sivana
“The net result of eliminating it right now would be to further depress the price of homes”
You got that right it would be an economic disaster. People just scraping by would walk away from their mortgage and rightly so since the rules of the game get changed in mid stream. If they wanted to spark an insurrection in this country that would be a good way to do it.
31 posted on
06/18/2012 10:29:56 AM PDT by
MCF
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson