Quote:
Originally Posted by JohnnyD
If the interest deduction is the only reason they were able to afford a house then, they never should have bought one in the first place.
No different than buying a two-family. If you can only afford the two-family as long as the other unit is rented out then, you can't afford the house. I have a few friends in this latter category that got close to serious trouble because of an vacant unit.
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The worst thing about removing the deduction is, it will send housing prices WAY down, because the same house will suddenly cost a couple hundred more each month. It would be horrible...
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