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    • December 26, 2007 at 9:28 AM #11329
      HereWeGo
      Participant

      Wow

      Somehow I doubt that proposal makes it to the governator’s desk, but who knows?

    • December 26, 2007 at 10:21 AM #124349
      cr
      Participant

      Well, it would certainly lessen the American illusion that everyone should own a home. Of course NOT everyone should, and my guess is ending this deduction would hurt the housing market even more.

      As if I needed another reason to keep renting.

      • December 26, 2007 at 11:21 AM #124374
        NeetaT
        Participant

        That would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.

        • December 26, 2007 at 1:33 PM #124434
          CBad
          Participant

          I seriously doubt we’ll see this happen but if it did, it wouldn’t bother me. As far as a drop in property tax revenue, gee what great things have we gotten out of the windfall of property tax increases over the last several years?

        • December 26, 2007 at 1:33 PM #124582
          CBad
          Participant

          I seriously doubt we’ll see this happen but if it did, it wouldn’t bother me. As far as a drop in property tax revenue, gee what great things have we gotten out of the windfall of property tax increases over the last several years?

        • December 26, 2007 at 1:33 PM #124605
          CBad
          Participant

          I seriously doubt we’ll see this happen but if it did, it wouldn’t bother me. As far as a drop in property tax revenue, gee what great things have we gotten out of the windfall of property tax increases over the last several years?

        • December 26, 2007 at 1:33 PM #124661
          CBad
          Participant

          I seriously doubt we’ll see this happen but if it did, it wouldn’t bother me. As far as a drop in property tax revenue, gee what great things have we gotten out of the windfall of property tax increases over the last several years?

        • December 26, 2007 at 1:33 PM #124685
          CBad
          Participant

          I seriously doubt we’ll see this happen but if it did, it wouldn’t bother me. As far as a drop in property tax revenue, gee what great things have we gotten out of the windfall of property tax increases over the last several years?

      • December 26, 2007 at 11:21 AM #124522
        NeetaT
        Participant

        That would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.

      • December 26, 2007 at 11:21 AM #124544
        NeetaT
        Participant

        That would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.

      • December 26, 2007 at 11:21 AM #124601
        NeetaT
        Participant

        That would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.

      • December 26, 2007 at 11:21 AM #124623
        NeetaT
        Participant

        That would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.

    • December 26, 2007 at 10:21 AM #124497
      cr
      Participant

      Well, it would certainly lessen the American illusion that everyone should own a home. Of course NOT everyone should, and my guess is ending this deduction would hurt the housing market even more.

      As if I needed another reason to keep renting.

    • December 26, 2007 at 10:21 AM #124519
      cr
      Participant

      Well, it would certainly lessen the American illusion that everyone should own a home. Of course NOT everyone should, and my guess is ending this deduction would hurt the housing market even more.

      As if I needed another reason to keep renting.

    • December 26, 2007 at 10:21 AM #124576
      cr
      Participant

      Well, it would certainly lessen the American illusion that everyone should own a home. Of course NOT everyone should, and my guess is ending this deduction would hurt the housing market even more.

      As if I needed another reason to keep renting.

    • December 26, 2007 at 10:21 AM #124598
      cr
      Participant

      Well, it would certainly lessen the American illusion that everyone should own a home. Of course NOT everyone should, and my guess is ending this deduction would hurt the housing market even more.

      As if I needed another reason to keep renting.

    • December 26, 2007 at 8:05 PM #124604
      patientrenter
      Participant

      HereWeGo, eliminating the mortgage interest deduction is DOA. But it’s fun to see it at least raised in a serious context. I enjoy it, just as I enjoy seeing any serious proposal to eliminate criminal penalties for recreational drugs. Of course, both changes are equally unlikely to be enacted.

      Patient renter in OC

    • December 26, 2007 at 8:05 PM #124753
      patientrenter
      Participant

      HereWeGo, eliminating the mortgage interest deduction is DOA. But it’s fun to see it at least raised in a serious context. I enjoy it, just as I enjoy seeing any serious proposal to eliminate criminal penalties for recreational drugs. Of course, both changes are equally unlikely to be enacted.

      Patient renter in OC

    • December 26, 2007 at 8:05 PM #124774
      patientrenter
      Participant

      HereWeGo, eliminating the mortgage interest deduction is DOA. But it’s fun to see it at least raised in a serious context. I enjoy it, just as I enjoy seeing any serious proposal to eliminate criminal penalties for recreational drugs. Of course, both changes are equally unlikely to be enacted.

      Patient renter in OC

    • December 26, 2007 at 8:05 PM #124831
      patientrenter
      Participant

      HereWeGo, eliminating the mortgage interest deduction is DOA. But it’s fun to see it at least raised in a serious context. I enjoy it, just as I enjoy seeing any serious proposal to eliminate criminal penalties for recreational drugs. Of course, both changes are equally unlikely to be enacted.

      Patient renter in OC

    • December 26, 2007 at 8:05 PM #124855
      patientrenter
      Participant

      HereWeGo, eliminating the mortgage interest deduction is DOA. But it’s fun to see it at least raised in a serious context. I enjoy it, just as I enjoy seeing any serious proposal to eliminate criminal penalties for recreational drugs. Of course, both changes are equally unlikely to be enacted.

      Patient renter in OC

    • December 27, 2007 at 9:28 AM #124798
      meadandale
      Participant

      Yeah, this is a great idea because god knows that the state really needs more money.

      You want to know why american consumers are so fiscally stupid and continue to spend way beyond their means and put themeselves further in debt? They learned it all from the government.

      • December 27, 2007 at 1:31 PM #125028
        Eugene
        Participant

        I understand this as making mortgage interest non-deductible as far as state tax is concerned. California can’t possibly eliminate federal interest deduction, it’s out of their jurisdiction.

      • December 27, 2007 at 1:31 PM #125179
        Eugene
        Participant

        I understand this as making mortgage interest non-deductible as far as state tax is concerned. California can’t possibly eliminate federal interest deduction, it’s out of their jurisdiction.

      • December 27, 2007 at 1:31 PM #125198
        Eugene
        Participant

        I understand this as making mortgage interest non-deductible as far as state tax is concerned. California can’t possibly eliminate federal interest deduction, it’s out of their jurisdiction.

      • December 27, 2007 at 1:31 PM #125258
        Eugene
        Participant

        I understand this as making mortgage interest non-deductible as far as state tax is concerned. California can’t possibly eliminate federal interest deduction, it’s out of their jurisdiction.

      • December 27, 2007 at 1:31 PM #125282
        Eugene
        Participant

        I understand this as making mortgage interest non-deductible as far as state tax is concerned. California can’t possibly eliminate federal interest deduction, it’s out of their jurisdiction.

    • December 27, 2007 at 9:28 AM #124947
      meadandale
      Participant

      Yeah, this is a great idea because god knows that the state really needs more money.

      You want to know why american consumers are so fiscally stupid and continue to spend way beyond their means and put themeselves further in debt? They learned it all from the government.

    • December 27, 2007 at 9:28 AM #124967
      meadandale
      Participant

      Yeah, this is a great idea because god knows that the state really needs more money.

      You want to know why american consumers are so fiscally stupid and continue to spend way beyond their means and put themeselves further in debt? They learned it all from the government.

    • December 27, 2007 at 9:28 AM #125026
      meadandale
      Participant

      Yeah, this is a great idea because god knows that the state really needs more money.

      You want to know why american consumers are so fiscally stupid and continue to spend way beyond their means and put themeselves further in debt? They learned it all from the government.

    • December 27, 2007 at 9:28 AM #125050
      meadandale
      Participant

      Yeah, this is a great idea because god knows that the state really needs more money.

      You want to know why american consumers are so fiscally stupid and continue to spend way beyond their means and put themeselves further in debt? They learned it all from the government.

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