Video Emerges That Shows Hillary Blaming 2007 Housing Crisis On Homeowners

[freedom fighter jh]

61. Indeed, the mortgage tax deduction is government action to promote home sales.

I agree with you that there is blame to go around.

But when you said "the government was glad for the tax revenue," it looked like you meant the fed govt. No? They don't benefit from property taxes (indeed, that's another deduction) or sales taxes; states do. And I don't know that anyone is talking about state government promoting home ownership.

Blame to go around: When my now-ex and I were looking to buy a house, every realtor we talked to tried to press us into a mortgage. One told us that good financial planner "dies with a mortgage." No one had an answer to my question about what would happen if our situation were to change and we did not have enough money for payments. Because I'd been working for years while we rented and because neither of us had big spending habits, we were able to buy our house without a mortgage. If we had opted for a bigger house and a mortgage and then were not able to pay, we would have been at fault for letting those folks talk us into it, but so would they have, for talking us into it. In our case, these guys came across as professionals talking to us about our best interests. Until the crash, I felt vaguely guilty for not listening to them. Now I understand that they were just salesmen looking out for their own interests.