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how long is this gonna take? i'm eager to see house prices fall even further!
If the GOP goes anywhere with this, the other side will have a field day: "Why are they starving granny?"
Then the GOP will reply by questioning the patriotism of the Dems, and also by calling them baby killers, and something something burned the flag, and what would you do if your wife were raped?
The deduction will survive.
People with mortgages should be taxed more for adding risk and instability to the economy and thereby affecting jobs negatively.
Instead, how about making sure people who are a risk don't get loans?
If the GOP goes anywhere with this, the other side will have a field day: "Why are they starving granny?"
I'm pretty sure that the stereotypical grandma paid off her house a long time ago.
If the GOP goes anywhere with this, the other side will have a field day: "Why are they starving granny?"
I'm pretty sure that the stereotypical grandma paid off her house a long time ago.
Have you paid any attention to the arguments in favor keeping Prop 13, or forgiving taxes on principal reductions? There are more grandmas who owe > $1 million on their homes than there are Mexicans in Mexico City! And it's not their fault - it's because their home went up in value so much, or something.
(Sorry, Patrick.net, but I'm going to spell that word as "principal." Call me contrarian.)
Instead, how about making sure people who are a risk don't get loans?
Hey, look everyone: Karl Marx just posted here!
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This will accelerate the price falls.
http://blogs.wsj.com/washwire/2012/08/21/gop-panel-rejects-plank-on-mortgage-interest-deductions/
2013 is going to be brutal.
#housing