mortgage interest is now an “entitlement”
No worries that so many homeowners took on the 30 year debt obligation based on the interest part being deductible, the 1% pays cash for real estate anyway
Boo Hoo so sad? Well then, run your businesses without me. I will have thousands less to spend.
The repercussions of this on the family budgets and economy will sink Ryan.
Good riddance
But he may be giving the democrats a hail Mary to claw their way back to the top
In my area housing is already collapsing because Americans have stopped breeding (and therefore have no need to tie themselves to 30 years of payments to an area that is already withering on the vine). New consructions are built to accomodate yuppies and their dogs (nobody else has any money), and it is hoped the illegals here will occupy the existing housing stock as Americans flee (they can rent them).
I believe the mortgage interest deduction is here to stay for a long time just as low interest rates are because the government desperately needs to get people into homes; the economy is built around it, and is collapsing with it de-stabilized.