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GOP to get rid of mortgage interest rate deduction
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2012 Aug 21, 3:51am 34,422 views 75 comments
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zzyzzx
2013 Nov 4, 7:01am
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.
HydroCabron
2013 Nov 4, 7:04am
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