RE: [LandCafe] Goodbye Fannie & Freddie, Hello George?
- Scott wrote:
In a backdoor method that might be considered Georgist in effect if not
intent, Obama pushes to end subsidizing the home mortgage industry and high
Ed Dodson here:
I agree, this is the time to eliminate the mortgage interest deduction.
Doing so now is not likely to affect land prices very much and will slow the
upward advance in land prices SHOULD household incomes increase enough to
expand the number of potential homebuyers and soak up excess inventory of
existing housing units in the most depressed regional markets.