And why is that? Because home owners are better people than renters? Because people with mortgages are more noble than those who have paid off their home?
Garbage. You are spewing the same type of liberal garbage that is spewed about us needing gun control for the “good of the children” and about us needing affirmative action to right past injustices.
I say stick it to the Americans and Freepers who depend on the mortgage deduction. Then we lower rates that much further.
I could pay off my house. It would require me to remove money from investments that are helping to create jobs, some of those workers are probably renters.
It would be no real harm to me other than affecting what I’m worth on paper, but it would hurt others.
Unintended consequences are unintended but consequences non-the-less.
You sound a little like the eat-the-rich crowd.