On 7/24/2011 10:47 AM, Wayne B wrote:
On Sun, 24 Jul 2011 06:15:23 -0700 (PDT), John H
wrote:

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

At least it would be fair across the board. Might not be popular and
might have a somewhat detrimental impact on the housing market. It
would probably help the rental market though.
===========

Home ownership has always been part of the American dream and the
interest rate deduction is a tacit reaffirmation of that goal.
Without question home ownership leads to a more stable citizenship and
increased two parent family formation. Those were worthwhile goals at
the time and still are.


Home ownership is nothing without equity. Some folks become homeowners
for a short while then walk away. because they couldn't afford the house
in the first place or lost a job. That's not the American dream.
You are usually right on the money, but "tacit reaffirmation" is pure
bull****.