Wednesday, February 25, 2009

 

Cut the Mortgage Interest Deduction

I'll do Ed Glaeser one better.

Replace the Interest Rate Deduction with a Principal Payment Deduction. Sure, it'll break some banks with a bad mix of Mortgage Backed Securities holding prepayment risk, but fuck 'em.

This will bring a soft landing as people with large amounts of cash are encouraged to buy houses, without lots of leverage. Demand will be buoyed and banks will be flooded with cash and will have to lend at lower interest rates to compete. It will also move properties to less risky owners. Fast.

Comments:
I get much in your theme really wedding gowns thank your very much i will come every day
 
Kids have their own intellect of style which can be even more personage than adults. the north face coatsKids sneakers are so striking with dazzling colors and eye-catchy designs and they promote the previous protected steps of the kid. Kid's sneakers appear in all ranges and brands. Moncler
Sneaker Shoes are delight for kids as they take pleasure in matching their shoes with the outfit they are donning. Also,Moncler
the womens sneakers play vital part in adding to their style, and also support them in their daily activities and exercise.
 
Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?