patrick.net

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.

The Republicans will never let this go away. It favors Republican voters MUCH more than Democrat. You won't be f$%*ing Liberals--it'll be conservatives.

tatupu70 says

The Republicans will never let this go away. It favors Republican voters MUCH more than Democrat. You won't be f$%*ing Liberals--it'll be conservatives.

Hilarious!

You got one thing correct, in that its not going away. Not sure how you arrive at the conclusion that it benefits repukes so much more then demtards

errc says

Hilarious!
You got one thing correct, in that its not going away. Not sure how you arrive at the conclusion that it benefits repukes so much more then demtards

Take a look at the % of Rep. voters making more than 100K household income and then take a look at the % of Dem. voters that make more than 100K and get back with me.

Or take a look at % of Rep. homeowners vs. % of Dem. homeowners.

ahhh.... I see the troll is at it again...

Ruki says

Cap Shuddup is correct: It will kick the SF-Boston-NYC liberal middle to upper middle class in the balls way more than Reps kicking it in Texas. Big time.

lol--OK, let's see how it plays out. When Obama proposes ending the deduction for those earning more than $250K, do you think it will be the Dems or Reps screaming class warfare??

You guys really live in a fantasyland.

Ruki says

Not about that. It is about the distribution of Reps to Dems living in overly hyperpriced real estate markets.
But of course, you refuse to see that. Clearly.

Yes it is. And the Reps live in the higher priced areas. Period.

Loook at the most expensive zips in America and then look at how they vote in Presidential elections and get back with me.

Looks like the spineless GOP have caved in to NAR pressure

GOP in Compromise on Mortgage-Interest Deduction

http://blogs.wsj.com/washwire/2012/08/21/gop-in-compromise-on-mortgage-interest-deduction/

Ruki says

That isn't how it would work. All proposals ever made involve simply capping the amount you can deduct. Your income won't matter.

lol--really? You don't think that there is perhaps a connection between the amount of interest on a mortgage and the income of the borrower??

Ruki says

And define 'expensive'

If you need me to tell you what expensive means, then you shouldn't be arguing anything. Perhaps a remedial 3rd grade class?

Ruki says

You are clueless about this entire issue.

Nope-I understand it pretty well. The size of the house or the amount of land involved is completely irrelevent. What matters is the size of the mortgage. Period.