Showing posts with label Housing 2017. Show all posts
Showing posts with label Housing 2017. Show all posts
Tuesday, December 19, 2017

HELOC interest deduction goes away under Republican tax "reform": Expect loan consolidation

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You know the one, the one you take to help buy a car, fund tuition, or actually fix up the house. When the credit card interest deduct...
Thursday, December 7, 2017

Sum Ting Wong: Low top marginal tax rates since 1986 have NOT delivered

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Low top marginal tax rates have NOT delivered since 1986. The average top marginal rate has been 38% for the last thirty years, 49...
Thursday, November 16, 2017

House tax bill passes 227-205, Senate still working on theirs

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From the story here : [T]he bill would limit state and local deductions and the mortgage interest deduction, eliminate the personal ex...
Thursday, November 2, 2017

CNBC's Jake Novak lets it slip that his libertarian hatred of single family homes has been aesthetic all along

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Seen here , italics added by me: Second we have perhaps the most controversial proposal: The plan to cap mortgage interest deduction...
Tuesday, October 31, 2017

The only reason itemized deductions are on the table is a minority of 30% of tax filers itemize

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And when it comes to minorities, they're only as effective at protecting their interests as their lobbyists. We'll see how strong ...
Sunday, October 29, 2017

Strike Three and You're Out: Both National Associations, of Homebuilders and of Realtors, pull support from House tax plan

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Trump looks set to be defeated on tax reform as 2017 winds down, just as he has failed to overturn Obamacare and build The Wall. And consi...
Saturday, October 28, 2017

A cuck at Taki's Magazine falsifies some "moral equivalency" between Antifa and White Nationalism

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From an "apocalyptic psychologist", here : Lacking any higher values, and surrounded on all sides by the base and the untrue...
Saturday, August 5, 2017

Three easy steps to joining the middle class

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1. Get a job 2. Marry someone who also has a job 3. Pool your resources and buy a house

Three salvos this morning in the libertarian war against homeownership: Fortunately human nature is stronger

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Thursday, August 3, 2017

Insane libertarian fixation on mortgage interest deduction, edition 4716

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You would think a libertarian would acknowledge that shielding YOUR money from taxation is a good thing, but you would be wrong. There are...
Friday, July 28, 2017

As I predicted Real Clear Markets wastes no time trotting out another libertarian to attack your mortgage interest deduction, this time from the Manhattan Institute

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Sunday, July 23, 2017

George Herbert Walker Bush's legacy: It took only 7 years of NAFTA to destroy hours worked in the United States

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Hours of all persons grew 44% during the Reagan bull market, which ended in August 2000. Since then, hours of all persons has grown just 3...
Saturday, July 22, 2017

Income inequality has increased really for just one reason: Growth of owner occupied housing is in decline

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Homeownership is the ticket to the middle class, and fewer and fewer tickets are being issued:

Your mortgage interest deduction is only eighth in the latest list of top things on which government claims it loses revenue

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But libertarians especially hate it. Expect more articles telling you it's got to go as tax reform talk heats up in Congress. Here...
Monday, July 17, 2017

As defined by homeownership, the absolute size of the middle class hasn't really grown at all since 2005

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Friday, May 19, 2017

Robert Shiller blames housing bubbles on get rich quick flipper narratives, still completely misses the tax angle

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Here , in The New York Times: There is still no consensus on why the last housing boom and bust happened. That is troubling, because t...
Tuesday, May 16, 2017

New York Times blames housing unaffordability on mortgage interest deduction, never mentions how the Fed just reinflated the housing bubble quite apart from it

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Here . Housing was on its way to being affordable again until the Feds stepped in to stop foreclosures from rising and prices from fal...
Wednesday, May 10, 2017

Senate Intelligence Committee aide anonymously tries to smear Trump with money laundering

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Probably a Democrat aide. Democrats on the committee include Diane Feinstein, Ron Wyden, Martin Heinrich, Angus King (I), Joe Manchin, Ka...
Tuesday, May 2, 2017

Talk radio and Republicans are trying to defend this latest indefensible continuing spending resolution

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When Democrats took control of the Congress under Obama in 2009, they promptly added about $700 billion to Bush's outlays in the middl...
Thursday, April 27, 2017

Middle class according to Pew Research Center is just trying to make everyone feel better

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MarketWatch here says that Pew estimates middle class household income for a family of 3 at between about $35,000 and $105,000 for 2011....