1 Aug 2021 1:06 pm
I googled "MID" & only got "middle." Are u talking about "Mortgage Interest Deductions?"GHETTOBLASTER » 01 Aug 2021, 1:02 pm » wrote: ↑ 10 seconds worth of GOOGLE reveals..........."Factoring in all affordable housing investments (e.g., housing choice vouchers and public housing) made by the federal government, you will still find that the amount spent on the MID alone has exceeded all affordable housing investments by about $20 billion annually.Because the tax deductions homeowners receive from the MID increase with the size of their mortgage, borrowers with high incomes with large mortgages receive the most financial support. In 2018, about 63% of the MID benefit was paid out to the 8% of American households earning $200,000 or more annually."
How does any of your reply alleviate the loss to MILLIONS of home buyers who lost the tax benefits that mortgage interest & property tax deductions previously provided them?