Naif Mabat
2010-11-11 12:26:40

I’ve probably deducted more mortgage interest than y’all have had hot lunches, but I have to wonder if it’s really such a good idea in terms of facilitating home ownership.

After all, if you do the responsible thing and make the bigger down payment, or alternatively, just buy the more reasonable house, then you end up paying more taxes.

Is that kind of incentive really helping us realize the American dream, or is yet another government-assisted cause of the real estate bubble that just popped in our faces?