..This won’t just hit expensive, Dem-leaning urban areas, but well off GOP-leaning suburbs as well. Congrats, or something.
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If you can afford a $500k house, you are indeed rich.
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The median home price in Fairfax County VA is $517,000. This would mean half of all households would not qualify for a mortgage. Resell=0
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So if your loan is 510k you get no deduction? That would really hurt home buying if im reading that right.
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Narrator: but of course they really are rich.
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Most in this thread are saying: "we can't change bad policy bc too many people unfairly benefit from that policy".
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with Globalist Gary at the helm of course you'll see it riddled with the politics of envy (exclusions if you're Goldman Sachs obviously)
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so killing the refinance industry in one swish of the pen?
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