Yeah dude I'm crying foul on this. Calling an increase in the standard deduction "taking away" anything is mendacious and wrong https://twitter.com/jhweissmann/status/817119033862553601 …
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Replying to @arthur_affect
You're straight up saying renters should continue paying higher taxes or it'll have knock-on effects on how much you can sell your house for
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Replying to @arthur_affect
No one is "taking away" anything. You aren't losing any tax deduction
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Replying to @arthur_affect
I can see an argument for a slow phase-in of this policy but that's slowing down a direct benefit to the poor to protect the middle class
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Replying to @arthur_affect
This may be assholish but if your personal financial plan depended on steady growth in your home equity, you shouldn't have done that
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Replying to @arthur_affect
There is no actual reason for the value of land to keep rising. That doesn't make sense. That's an artificial bubble we keep pumping up
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Replying to @arthur_affect
It popped catastrophically in 2009 and our immediate response was to begin re-inflating it
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Replying to @arthur_affect
Houses aren't there to invest in, they're there to live in. Housing prices being cheaper ought to be good just like food being cheaper
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I think if a drop in real estate values on a time scale of less than ten years seriously affects you, you should've kept renting
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Replying to @arthur_affect
The advice I was given was to assume you won't be able to sell your house ever and ask yourself if buying it still seems like a good idea
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Replying to @arthur_affect
Buying with the flip in mind is bad. It's a major personal risk (regardless of what the govt does) and en masse it's bad for society
1 reply 1 retweet 8 likes - Show replies
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