[quote=ocrenter][quote=squat250]at this rate there is gong to be no tax advantage to owning a home, because there is going to be no interest involved.[/quote]

hey, what an ingenious way to take away the mortgage tax deduction and RAISE taxes! :)[/quote]

Well, shit. I hate how the government keeps bailing out folks that are considered “not-rich”…So if this happens.. I’ve decided a new way to get my money back from the government.

I’m going to have lots of kids…Nice hefty deduction per kid… If I have say 9 kids, and before that spend all my money, then I’ll get sufficient tax subsidies and maybe even be able to collect foodstamps and free medicine, which will probably be better than my current healthplan anyway.. Well shit, medi-cal coverage is greater than medicare in a lot of cases, so I wouldn’t be surprised…Even in carmel valley. Yeah, 9 kids… Maybe not enough. Make that 15….

And then I’ll start a cult with my 15 or so kids…That why, I can consider my cult a religion. And then if I’m a leader of it, it means that I’ll need a place of worship. Hence, my home will then become a temple, and then I’ll be exempt from paying property taxes.