[quote=SK in CV][quote=Nor-LA-SD-guy]
Yes it would definitely encourage rental property investment.[/quote]
Why more than now? (yes, this is a test)[/quote]
Rich and well to do people would be looking (much harder) for a deduction, poor or moderate income people would need a roof and there would be a lot less incentive to buy their own place (it would not reduce the cost to build homes or the cost of land).
In the end the landlords would win with this.
Yes it would be good to own apartment units again.
In short it would provide a big incentive NOT to sell your current home when you move up but to take as big a loan as you can on it, then use that moeny to buy your new place while you rent your old place etc…
