Yep, those tax breaks for mortgage interest is definitely viewed by some economists as having a distortive effect on investment opportunity costs and their relative net social benefits.
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Originally Posted by AlienQ
Although it is a nice "Spin" artical by popular media.
I just gave you peeps the explaination why.
Government taxes are possibly changing and homes may become no longer an investment safe haven for many people that use home owners tax breaks.
The bottomline is, the banks/creditors know this and are not putting out home loans as often since the creditors are not willing to take the risk of the fall out of the tax adjustments.
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