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To: DoughtyOne
If you wish to think that all (rent building) mortgage tax deductions are devoted to lowering rents, go ahead. I don’t think that at all, and renters cannot deduct mortgage interest payments.

Dude. I've already said renters don't directly pay mortgage interest. It is much the same as corporate taxes - the consumer ultimately pays them. AS A FORMER LANDLORD I can factually tell you that interest and all other costs factor into rental prices, just like that other Freeper you chose to be obtuse with told you. Interest payments affect rent, and any reduction in offsets and subsidies will have an effect going forward, although that isn't the point. The point is that, in the past, they were a factor in determining rental rates.

If you want to pretend that interest/tax payments won't have an effect on decisions to raise or not raise rents, that's just you, once again, ignoring facts to sustain your own chosen reality. Good luck with that.

79 posted on 09/28/2017 1:06:55 PM PDT by calenel (The Democratic Party is a Criminal Enterprise. It is the Socialist Mafia.)
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To: calenel

As I said, if you wish to think all landlords look at their mortgage deduction and adjust people’s rents accordingly, I think you’re kidding yourself.

Any surplus funds are not necessarily showered down on renters. In many instances they go into a pool for the next building purchase.


80 posted on 09/28/2017 1:15:52 PM PDT by DoughtyOne (John McBane is the turd in the national punch-bowl.)
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