Actually it was not originally designed to help homeowners. http://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=1561&context=lcp … https://twitter.com/rsg/status/777064914678534144 …
yes written for deducting personal interest when personal interest basically didn't exist
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that year-ish, JP Morgan testified before a Congressional committee that he was unable to lend to individuals
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