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Tenpoundbass
@
2012 Aug 21, 4:28am
Tenpoundbass
@
2012 Aug 21, 4:28am
Because it does Nothing, unless you live in San Francisco and the interest on your Million dollar 1200 sqft home, then equals more than the Standardized deduction. In the real world where the price of you house was reasonable in the first place, and the interest rates are at historically low.
Nancy Pelosi's neighbors are the only ones that really benefit by this break.
Anytime we can fuck over California Liberals I say lets do it. Because it doesn't benefit me on my mortgage worth a damn.
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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