Any home owner who takes the standard deduction is either crazy or completely ignorant of tax laws. Of course, if prices continue to decrease, wouldn’t it be wonderful if the standard deduction worked out to be MORE than using itemized deductions, all deductions considered?
Imagine interest, real estate taxes, points, etc adding up to less than that measly $5K or whatever the standard deduction is. That would mean we could all buy houses for $35K like our parents did.
