[E. Pluribus Unum]

The net result of eliminating it right now would be to further depress the price of homes

No sale.

The net result would be to continue forcing the price of houses down to their actual value.

We have had lots of inflation over the past decades, it was simply disguised as a rise in housing prices due to the abandonment of sound mortgage underwriting principles.

The mortgage deduction just adds to it.

[Dr. Sivana]

The net result would be to continue forcing the price of houses down to their actual value.

We live in a world where poeple already own homes, bought in good faith, who have taken a huge hit. We lost 25-30% value on our own home, pushing us underwater. That is an interesting form of "inflation." Push down the values even more, and more people start walking on their mortgages.

If the policy was being made in a vacuum, we could have a talk. I accept the lost value as part of the risk of buying the home, exacerbated by government policy and big bank monkey business.

In any event, my original point that we should eb talking about reducing taxes, and not figuring out which taxes could be raised is the true conservative position. I double-dog guarantee you that the increased revenue, if any, from eliminating the home mortgage deduction will be thrown away on crap, regardless of whether it is Romney crap or Obama crap.

[driftdiver]

“The net result would be to continue forcing the price of houses down to their actual value. “

Actual value is what someone wants to pay. Increasing taxes to discourage home ownership is nothing but market manipulation.

Why do you want to depress home values further?