I’m aware of high population property valuation etc. But as I think about mortgage write offs. How about allowing deductions solely apply to interest rates and a given percentage of the principal ? For property tax set a fixed percentage deduction say 50% ?
It’s a federal law so it has to apply to all states. Limiting to 50% would favor the same winners; limiting it to the national average levels the field. The mortgage interest deduction may still be in play, which only includes the amount of interest paid. Principal payments have never been deductible.