October 20, 2012 at 2:30 pm
#774331
JoB
Participant
kootch..
let me see if i grasp your argument correctly..
the mortgage interest deduction hurts middle class buyers because it makes it possible for them to afford a home…
hmmmm. epic fail.
it is true that the mortgage deduction was used by some unscrupulous loan brokers as one of many tactics to encourage homebuyers to purchase a mortgage product they couldn’t ultimately afford…
that was fraud…
and that my friend was the real reason for that 40% reduction in prices you mention…
which of course wasn’t really 40% everywhere…
but why quibble?