1) In other news, I had the cover story for @sanfranmag in November on the Bay Area real estate market. Obvs, Trump has changed everything.pic.twitter.com/UeqsHC65Gf
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Good. Mortgage interest deduction is a bank subsidy. Doesn't improve affordability. People pay what they can afford regardless
it takes time to price it in. Depends on how it's phased in and over what timeline.
The mortgage rate interest deduction is considered to be a shitty policy by almost all economists.
It does seem stupid. Would be pretty easy to slowly introduce a cap.
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