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April 21, 2009

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Well written post. Nice portrait and Topics Thanks for sharing. keep on posting. waiting for your next post.
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Thanks for taking the time to explain mortgage interest deductions, it's certainly an area where people need to learn a lot more than they do now.

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but now I have more questions than before reading)))...are there other disadvantageble subsidies hidden in Revenue Code? believe there are many ..
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Bryce Mason

All the interest deduction has served to do is (1) provide a boon to banks who can capitalize on the misunderstood belief that it's wise to spend a dollar (on interest) to save a quarter (on taxes), (2) provide the National Association of Realtors a marketing channel, and (3) serve to shift wealth to those who owned property prior to the law being implemented.

For the government caring so much about housing affordability, all their policies and rhetoric appear to be aimed squarely at propping house prices up at all costs. Any tax break on the mortgage interest deduction has now already been built into the sales price of the home.

Why should a mid-western farmer subsidize a California beach homeowner?

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