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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (622714)8/4/2011 11:58:31 AM
From: J_F_Shepard  Read Replies (1) of 1584598
 
"Their landlords do, which tends to push rents down"

If renters got the deduction they'd rent more expensive units just as home buyers do...landlords would get more revenue, builders would be more expensive units and also get more revenue. When that revenue is taxed the gov gets more revenue... If mortgage interested deductions were eliminated, houses would be cheaper, and banks, realtors, builders would make less money....ie it would kill the housing market.
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