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(shoulda been clipped in previous)
What it does promote, studies show, is spending on housing—that is, people who would have been owners anyway pay more for their houses. Prices are higher than they would otherwise have been, and mortgages are bigger. As many owners have learned abruptly, this can worsen economic insecurity.
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1 comments:
I too think the mortgage interest deduction is just keeping the landed gentry more landed.
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