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comment by b_b
b_b  ·  349 days ago  ·  link  ·    ·  parent  ·  post: How homeownership became the engine of American inequality

I'll go a step further: If you live in a house that you couldn't afford if you lost your MID, then you can't afford it now.

kleinbl00  ·  349 days ago  ·  link  ·  

You're missing the fundamental problem: no one can afford their houses. And they all know it.

Not only that, but the MID is really only useful to those who can afford their houses otherwise. Did you itemize? Did I? Do you know anyone who did? For everyone who is actually strapped by paying for their house, the MID is a fantasy. For everyone who is reallocating this that or the other in order to sustain their lifestyle, the MID is a factor.