[OHelix]

This just isn't true. Under the FairTax, you pay a sales tax on the portion of the interest above the Fed rates. And if you bought the home new you would be paying off the sales taxes on that home plus the interest required to finance your sales tax payment (plus the sales tax on that interest).

True, however if you buy your home before it goes into effect, or buy a used home, your principle payments are not taxed, like they are under our current system.

[Your Nightmare]

True, however if you buy your home before it goes into effect, or buy a used home, your principle payments are not taxed, like they are under our current system.

No, but your interest payments would.