The flat tax debate has been center stage debate for all the presidential candidates this last week.

It looks like it’s going to dominate the 2012 elections and be a primary deciding factor.

I have read many analysis that a flat tax system will immediately erase 10-15% of housing valuation in the first year based on the elimination of the mortgage interest deduction.

I ask Piggs, what are you conjectures about the affects a flat tax will have on the mortgage interest deduction and ultimately on housing prices in high valuation areas such as coastal SD?