from Hacker News

How Homeownership Became the Engine of American Inequality

by guylepage3 on 5/9/17, 12:33 PM with 2 comments

• by Eridrus on 5/9/17, 1:46 PM

  I think it makes sense to abolish programs like the MID or first home buyer assistance that largely just increase home prices.

  But it would certainly suck to take out a loan on a home now and be told next year that not only is the MID gone, but your home is less valuable now and you effectively just surrendered a chunk of your deposit.

  Maybe phasing it out over by 10% a year over a decade would be realistic, but would still run into the realtor lobby.

• by sharemywin on 5/9/17, 12:49 PM

  If you lump it in with the standard deduction its not so regressive.