3 chapters across the catalog
A correction was issued regarding the deductibility of mortgage interest and the State and Local Tax (SALT) deduction. While the 2017 tax bill limited SALT deductions to $10,000, mortgage interest remains deductible for loans up to $750,000 according to IRS Publication 936, contradicting a previous claim that the limit was $1 million.
The Harris campaign's proposal to ban corporate price gouging on food is compared to socialist price fixing, with warnings that it could lead to food shortages. The Washington Post published a critique of Harris's $25,000 down-payment assistance for homebuyers, suggesting it would inflate housing prices. A tangent follows regarding rising homeowner insurance rates and a story about a driver's ed instructor arrested after lecturing against insurance company databases.
Dutch Housing Market Collapse and Interest-Only Mortgages
Adam Curry reports on the collapse of the Dutch housing market driven by new austerity measures from Brussels. The government is ending tax deductions for interest-only mortgages, forcing homeowners to convert to principal-repayment plans. This shift has frozen the market as property values decline and homeowners struggle with increased monthly costs.
