Reply #14: That is some fine, pure, [View All]

[Turbineguy]

unadulterated bullshit.

Qualifying for a mortgage is based on income. Therefore mortgage rates and income influence the size of homes people buy. The deduction does not discriminate between condos or single family. If the buyer loses his/her job, the deduction goes away. The deduction is not regressive by its purpose, but obviously high earners, who also happen to be in a higher tax bracket, are going to buy larger houses. Owners of rental housing will keep their deduction as interest is an expense. While there may be something to Problem #2 how can you legislate this away? Lay out deduction free zones (another opening for corruption and gerrymandering)?