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re: Under Trump Tax Proposal Mortgage Interest Deduction is Preserved
Posted on 10/1/17 at 1:09 pm to LSUFanHouston
Posted on 10/1/17 at 1:09 pm to LSUFanHouston
quote:
But it's not real growth. Interest rate deduction distorts housing prices.
Yes, it does. But it's a constant distortion. If they suddenly cut the deduction, real estate prices will decline, and new housing starts will fall, and the GDP will take a hit.
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