13. I don't see getting half of the $100B mortgage deduction
unless the threshold number is lowered substantially more than proposed.
Look at the medium mortgage, and the vast majority of mortgages will not be impacted. The medium home price is around $200K.
From an equity standpoint I can understand going away from the deduction, but the change should be made after real estate prices stabilize more and probably should be gradually instituted (perhaps for new mortgages going forward etc). The perfect time to have done it would have been during the housing run up as a way to put the brakes on.
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