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radius777

(3,921 posts)

35. Agree completely, as do most actual Dem voters,

Tue May 9, 2017, 06:01 PM

May 2017

who are much more center-left/Clinton/Obama style Dems than far-left.

The Dem party in America (unlike socialist parties in Europe) has always been about helping families achieve the middle-class American dream, i.e. the 'house with the white picket fence', or modern day equivalents (including condo/apt ownership), iow, home/business/capital ownership, which has all types of positive effects on stabilizing and growing communities.

And as anyone who has ever lived in an around metro areas (the vote-getting base of the modern Dem party, which includes all types of neighborhoods, from working/middle class neighborhoods, to immigrant enclaves, to the trendier areas to the near suburbs) home ownership is expensive, and families rely upon tax breaks to survive. 500k-1m is not that much for a home, especially multi-family homes that are common in many working class neighborhoods.

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NYT didn't pull any punches: How Homeownership Became the Engine of American Inequality [View all] wildeyed May 2017 OP

It's a very divisive topic- owners want their tax breaks. bettyellen May 2017 #1

We don't want to look at where they come from, that's for sure. wildeyed May 2017 #3

Kills me when I hear local pols say renters dont pay taxes- the taxes come from our damned rent. bettyellen May 2017 #6

Working the polls for a Dem candidate, I overheard one of my fricking neighbors wildeyed May 2017 #9

oh wow, that is rough. as a woman, i have had bosses explain to me over and over agin why they paid bettyellen May 2017 #10

GOOD article ismnotwasm May 2017 #2

Reminds me of this post. muntrv May 2017 #4

I am not really understanding this. frankieallen May 2017 #5

80% of the tax relief goes to people making six figures or more. housing prices are propped up bettyellen May 2017 #7

families making six figures are far far from the "wealthiest Americans", two completely different frankieallen May 2017 #18

Wealthier/ wealthiest... If you have to make six figures to benefit, it's not for "working families" bettyellen May 2017 #23

30 year mortgages are front end loaded, meaning the MID helps with making those first years frankieallen May 2017 #24

I am saying that mythical family you mention doesnt deserve 80% more than the working class who make bettyellen May 2017 #27

I don't benifit from it, my home is paid for, I spent 22 years making payments and it was frankieallen May 2017 #29

you DID benefit, and it helped you get a leg up. A leg up offered to very few earners under 100K bettyellen May 2017 #30

I didn't make anything near 100K when i bought my home, or for the first 15 years frankieallen May 2017 #32

you never read the article, and celebrating when so many others were excluded from assistance- ugly bettyellen May 2017 #34

Ha, ok, I'm celebrating. Your just baiting me. frankieallen May 2017 #36

ahh, it;s fake news because you don;t like admitting it benefits the upperclasss. bettyellen May 2017 #37

I'm not understanding your not understanding dumbcat May 2017 #8

the bigger the mortgage, the bigger the tax break- 80% of this tax relief goes to people bettyellen May 2017 #11

I agree dumbcat May 2017 #13

oh sorry- I misunderstood you! Thanks. bettyellen May 2017 #14

An elimination of the mortgage interest deduction would simply lead to lower home prices taught_me_patience May 2017 #12

And it encourages people to purchase the largest, most expensive home they can afford. wildeyed May 2017 #15

30K of mortgage interest in a year? what do you live in a castle? frankieallen May 2017 #22

"The wealthiest of Americans do not pay mortgage interest, or very little. " NCTraveler May 2017 #17

Fine, cap it then. frankieallen May 2017 #20

One of the things discussed in the article. NCTraveler May 2017 #26

The article suggests capping the deduction, not getting rid of it altogether. wildeyed May 2017 #19

And i totally agree with capping it. frankieallen May 2017 #21

Sorry I mis-typed slightly. wildeyed May 2017 #28

In metropolitan areas, 600k is not much for a home, radius777 May 2017 #31

I'm a homeowner and business owner. wildeyed May 2017 #33

the deductions help to offset many of the costs and fees radius777 May 2017 #38

Agree completely, as do most actual Dem voters, radius777 May 2017 #35

"We need to stop the huge entitlements paid out to the wealthiest" NCTraveler May 2017 #16

And that's one of the reasons why California has Renter's Credit. haele May 2017 #25