General Discussion
In reply to the discussion: Nate Silver has Florida light blue today with a 59.2% Obama win prediction for November 6! UPDATED [View all]Samantha
(9,314 posts)The housing market is just starting to recover. I can't think of a single thing that would discourage people from investing in a home than the ability to deduct the interest on their mortgage from their taxes. And that is the last thing the housing market needs now -- something to discourage people from purchasing.
Additionally, some people just could not afford to buy a house without that deduction. Everyone deserves a fair shot at home ownership. It is also great for neighborhoods to be occupied by permanent residents than streets full of renters. Renters just do not feel as invested, and do not, many times -- not talking about all renters -- keep it up as far as mowing the grass as often and picking up trash. Of course I am talking about neighborhoods with houses, not apartments.
But I do agree it is bad politics, so I am halfway there with you!
Sam