MID has very different effects in supply elastic and inelastic places. In elastic markets, it raises homeownership rates. In inelastic
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Places, it just feeds higher and less affordable home values with neutral or even negative impacts on homeownership rates.
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I don't really understand what you're saying at all. People want homes. They don't want to be real estate developers.
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It's actually a ploy. We knew they would call us neoliberal so we put an aff housing developer on our board & supported increasing funding.pic.twitter.com/chFvf5s7fX
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I truly feel sorry for that sad ignorant person. God help him/her
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Mortgage tax deductions are the closest thing you get in housing policy to actual “trickle down” econ, and oh look, YIMBYs are against it …
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I'm not a fan of the YIMBY/NIMBY thing at all, but I'm far less of a fan of the Mortgage Income Tax Deduction.
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Lots of stuff being conflated here. New/growing small biz can take out home-equity loans w/o interest tax deduction. Same w/all prop loans.
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"end the standard deduction and what happens?": I'm not sure, what do you or other analysts think happens?
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You're missing the part where poor people pay out the nose for this benefit that goes to the rich.
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