To: fightinJAG
Give everyone a one time tax credit for appraised home equity devaluations. The money must be used to pay the lender. The loan terms remain in force for the balance. NO MORE MORTGAGE INTEREST DEDUCTION! EVER!!! People can never again be allowed to roll consumer debt into mortgage debt. The tax treatment of the two deductions is what encouraged the refi madness.
38 posted on
12/19/2008 4:34:45 PM PST by
outofsalt
("If History teaches us anything it's that history rarely teaches us anything")
To: outofsalt
That’s an idea.
Whatever they do, it has to help the people who did the right thing and are presently paying for the crimes and stupidity of others.
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