[Notary Sojac]

I didn't say "caused the mortgage crisis" I said "partially responsible for the excesses" and I stand by that statement.

Take away the mortgage deduction and prices will lower to compensate. That's what markets generally do when you remove a government subsidy.

[rlmorel]

I cannot, as a conservative argue with the observation that the government sticking their fingers into anything tends to throw it out of whack, and you are correct.

I counterbalance that with the concept that taxing something decreases that behavior (which is what removing the mortgage deduction would effectively do with home ownership) while the opposite effect occurs when decreasing taxes.

All in all, here we are today, and increasing taxes on people buying houses will make it harder for people to do so.

[MSF BU]

"Take away the mortgage deduction and prices will lower to compensate"

...great news for those of us who own real estate. Why not change around the tax rate for dividends and capital gains while you're at it?

[antceecee]

So you would screw people who planned financially based on the rules in place when they bought their homes? Just so you can move forward and get your lower prices to buy it from them when they lose it? Sorry you sound like a typical shyster or at least a supporter of shysters.