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xenophon  ·  3802 days ago  ·  link  ·    ·  parent  ·  post: Hubski, what's your political persuasion?

    For example, the mortgage interest deduction encourages borrowing of sums that otherwise would be untenable, which is a monster gift to the finance industry.

Well said. I would add that that particular deduction is destructive because it 1) disincentivizes prepayment and 2) it artificially inflates the cost of housing, which makes home ownership less accessible to people with low (or no) credit.