On 23/07/2011 7:44 PM, Florida Jim wrote:
On 7/23/2011 9:35 PM, wrote:
On Sat, 23 Jul 2011 20:58:14 -0400,
wrote:

On 7/23/11 7:55 PM, LilAbner wrote:
On 7/23/2011 7:45 PM, John H wrote:
http://tinyurl.com/3r5l8ur

I wonder if the Democrats realize that it doesn't take a 'yacht' to
have a head, stove, and bed.
Hell, I had that in my 21' Proline.

If they want to do away with a second home mortgage interest
deduction, then do it for *all* second
homes.
All boats and all second homes over a certain value...that'll do it.
What if you travel around in an RV and trailer a boat?

What if you live on your large yacht and have a very big dinghy?

LOL

Eliminate all mortgage interest deductions. That'll do it better.

That would in the long term be an excellent idea for many reasons.
First is that the system encourages too much debt. And if 1/2 the homes
were clear title, a melt down in real-estate prices would have never
occurred. There are also other benefits to it, this is just one biggie.
You can't force or bargain much with a home owner that has clear title
and no pressures from the banking.

I know a 62 year old in the US out of work with a mortgage, sad....and
grossly stupid. Desperately seeking work when he could be retired. The
sooner you are out of debt for your home, the sooner you pay yourself to
live there.

People underestimate how much slavery comes with debt.

--
Obama, enslaving Americans with debt-tax slavery for a spending binge.
Doesn't even borrow real money, Bernanke just creates it like a
counterfeiter. .