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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (186473)	2/25/2009 12:50:51 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

So here is my utterly quixotic proposal. Enact legislation now that will gradually decrease the cap on the mortgage principal for which homeowners can deduct interest payments by $100,000 a year over the next seven years until it hits $300,000. The effect during the next two years should be sufficiently small that it will be unnoticeable in the current environment. Ending the madness of encouraging Americans to bet everything on housing, we can hopefully reduce the odds of a tragic repeat of the current boom-bust cycle. better still, why not instead of giving people digital tv box coupons, send everyone a financial calculator with colorful instructions on how to use it. cheaper and even better still, just email every taxpayer this link: hughchou.org