Mortgage tax break in the news

[XBoxBoy]

Seems we’ve talked about this a lot lately.

http://piggington.com/elimination_of_mortgage_deduction

I’m definitely on the side that says this ain’t gonna happen. Too many homeowners who would be pissed off, never gonna make it past congress.

[scaredyclassic]

it would definitely lower prices, right? And then lower property taxes. Just seems like it would not be the way to raise revenue. Even a gas tax would probably be more popular (relatively) than this.

[scaredyclassic]

it would definitely lower prices, right? And then lower property taxes. Just seems like it would not be the way to raise revenue. Even a gas tax would probably be more popular (relatively) than this.

[scaredyclassic]

it would definitely lower prices, right? And then lower property taxes. Just seems like it would not be the way to raise revenue. Even a gas tax would probably be more popular (relatively) than this.

[scaredyclassic]

it would definitely lower prices, right? And then lower property taxes. Just seems like it would not be the way to raise revenue. Even a gas tax would probably be more popular (relatively) than this.

[scaredyclassic]

it would definitely lower prices, right? And then lower property taxes. Just seems like it would not be the way to raise revenue. Even a gas tax would probably be more popular (relatively) than this.

[jstoesz]

When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)

[jstoesz]

When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)

[jstoesz]

When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)

[jstoesz]

When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)

[jstoesz]

When you tax people more, their behavior does not change in any way shape of form…they just keep on doing what they are doing…without changing…That is what the budget office tells me anyways.

House values will not change because only hand outs and tax breaks can provides incentives…increased taxes can not possibly provide disincentives.

(tongue firmly in cheek)

[briansd1]

The bubble was blown to carry the economy for a while. It was good for a while.

Unfortunately housing and flipping houses to each other is not economically productive in the long run. Eventually, we will need to reallocate capital to more productive uses.

Just like taxes takes away from the private sector, housing takes away from other sectors of the economy. Eventually a realignment of economic priority will be forced upon us. Soon, or in the next few decades? Time will tell….

I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…

[briansd1]

The bubble was blown to carry the economy for a while. It was good for a while.

Unfortunately housing and flipping houses to each other is not economically productive in the long run. Eventually, we will need to reallocate capital to more productive uses.

Just like taxes takes away from the private sector, housing takes away from other sectors of the economy. Eventually a realignment of economic priority will be forced upon us. Soon, or in the next few decades? Time will tell….

I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…

[briansd1]

The bubble was blown to carry the economy for a while. It was good for a while.

Unfortunately housing and flipping houses to each other is not economically productive in the long run. Eventually, we will need to reallocate capital to more productive uses.

Just like taxes takes away from the private sector, housing takes away from other sectors of the economy. Eventually a realignment of economic priority will be forced upon us. Soon, or in the next few decades? Time will tell….

I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…

[briansd1]

The bubble was blown to carry the economy for a while. It was good for a while.

Unfortunately housing and flipping houses to each other is not economically productive in the long run. Eventually, we will need to reallocate capital to more productive uses.

Just like taxes takes away from the private sector, housing takes away from other sectors of the economy. Eventually a realignment of economic priority will be forced upon us. Soon, or in the next few decades? Time will tell….

I like to think of it in percentage terms. Out of 100%, how much of our money do we, as a society, want to spend on housing, health care, taxes, education, research, military, etc…

[Author]

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