Homeownership (was What did the Anti-War Movement Lead To?)

[James Devine]

on the issue of homeownership, we shouldn't forget middle-class welfare,
i.e., the mortgage interest deduction on the US federal income tax (and
most state income taxes). Renters don't get that, but their landlords do.
Methinks that the 'lords only pass the benefits of the tax break to the
tenants if there's a glut on the market.

talking lbo blues,

Jim Devine jdevine at popmail.lmu.edu &
http://clawww.lmu.edu/Departments/ECON/jdevine.html
Los Angeles, the city of your future: the city of smog, earthquakes, modern
slavery, fires, mudslides & sinkholes, civil disturbances (a.k.a. riots or
rebellions), OJ, the Menendi, and Heidi Fleiss (daughter of our nephew's
pediatrician).