Right but if you could take some of the tax revenue & reallocate toward vouchers, low-income housing, you'd make the system less regressive
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Not 10% more affordable since new buyers would not get the mortgage interest deduction - right ?
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Right. Prices 10% lower. Not a panacea, but helps those who don't itemize anyway.
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Getting rid of MID gives $60-80 billion for affordable housing. CA MID worth $5 billion.
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