tag:blogger.com,1999:blog-7458298593121039333.post3397616072412504398..comments2023-08-11T04:43:05.061-07:00Comments on Ogden Insights: Unindependence: The Case For Eliminating the Mortgage Interest Tax DeductionJeremy Petersonhttp://www.blogger.com/profile/17759437122441687901noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7458298593121039333.post-32751223713863609792011-05-06T03:47:15.847-07:002011-05-06T03:47:15.847-07:00Wonderful analysis. It is refreshing to read artic...Wonderful analysis. It is refreshing to read articles from someone who truly understands economics.Christiehttps://www.blogger.com/profile/00120938480649306175noreply@blogger.comtag:blogger.com,1999:blog-7458298593121039333.post-7940229928073410452011-05-04T11:47:07.397-07:002011-05-04T11:47:07.397-07:00Government gets involved in our lives due to greed...Government gets involved in our lives due to greedy individuals who are left unchecked. Accountability is good and government is good. I don't trust the individual to be left unchecked in a free market system. Regarding MID, the gap between rich and poor is big. You remove the MID and, it is my opinion, the gap will only grow wider. It seems to me that you are saying that renting is good as well. What? The American dream is to own property and be free from payments after owning your own property.Austinhttps://www.blogger.com/profile/01095519518047891932noreply@blogger.comtag:blogger.com,1999:blog-7458298593121039333.post-15649580743441672802011-05-04T08:13:15.793-07:002011-05-04T08:13:15.793-07:00I like your blog posting and agree with it in almo...I like your blog posting and agree with it in almost all respects. Here are a couple of exceptions:<br /><br />1. There was not huge growth in home ownership. The graph shows it going from 62% to 68%. That's only 10% higher than historical rates. Show this on a graph with a scale starting at 0% and the increase is a blip.<br /><br />2. You cannot correlate a 93% utilization of mortgage I interest deduction by sub-$200,000 earners with what the wealthy do. That makes no sense. Also, I know many people who earn that much or more and they generally do not pay cash for houses but they do pay them off faster.<br /><br />Finally, I agree with you about eliminating the tax for new purchases. However, many people purchased a home based on affordability calculations that did include the interest deduction. Eliminating that now could cause another wave of defaults. I would suggest either a long term phase out (5-10 years) or permanent grandfather status.Clear Day Capitalhttps://www.blogger.com/profile/05991065321645069271noreply@blogger.comtag:blogger.com,1999:blog-7458298593121039333.post-34037065782233252722011-05-03T21:17:53.756-07:002011-05-03T21:17:53.756-07:00Thanks for this incredibly thoughtful policy discu...Thanks for this incredibly thoughtful policy discussion. I couldn't agree with you more. We need fewer attempts at social engineering in our tax code!Jeremyhttps://www.blogger.com/profile/15775127589033724985noreply@blogger.com