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RE: [LandCafe] Goodbye Fannie & Freddie, Hello George?

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  • Edward Dodson
    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
    Message 1 of 2 , Feb 12, 2011
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      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
      land prices:
      http://www.nytimes.com/2011/02/12/business/12housing.html?pagewanted=1&hp

      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.
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