I have to look at a house for someone. There is serious talk in Washington about getting rid of the deduction for owning a house. If this occurs housing prices will drop. We are moving into a paradigm where home ownership, ownership of anything is a disadvantage. I fact, my mortgage processor told me that they have a program where they take back your house and rent it to you.
During the "Great Depression" the Rockefellers bought homes, took over the loans, and rented to the previous owners. I guess this depression isn't great but it is following the same pattern. People need to learn from history.
The next thing to go will be the tax deduction that is given to married people. I don't find that many people who believe in marriage anymore. By the way, I still do. Gotta go see a house, have a great day.
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