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Re: Mother, mother, mother - there's too many of you crying.
Quote:
Originally Posted by LessinSF
Don't forget the reduction in the cap on mortgage interest from $1MM to $500,000.
Home buyers care about what they can afford per month. So, if you are like me, with a home valued at $900,000, a buyer needing a $720,000 loan now has to pay more per month for that loan because $220,000 of it is no longer deductible. Ergo, my place's value will plummet.
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My congresscritter is an R, and has been in office for 10 years. I think there's a good chance he's gone in 2018 - people are pissed (mostly because of his support for Trump). I think (hope) many blue state Rs could be in trouble next year.
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No no no, that's not gonna help. That's not gonna help and I'll tell you why: It doesn't unbang your Mom.
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