Are you sure this write-off doesn't incentive people to buy, thus incentivizing people to build, this leading to more housing?
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people don't build here, so it just gets capitalized into higher housing costs. http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00427?journalCode=rest …
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People tend to forget why mortgage interest deduction has made it this far(the NAR).
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Removal of tax deduction would permanently effect generational entry of millennials, esp. with student loan debt
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I lust after that money for affordable housing. And if CA ended the state deduction, we'd have additional $5 billion.
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Can't build anything without approvals....
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Consider federal incentives for housing supply vs fighting for local public favors.. accel depr for (only new) multifamily....worked before
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Nancy needs a real challenge from her left by a not clueless white dude who loves cars & kvetches about misfortune of being a white dude.
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I am all for eliminating this deduction as well....
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