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A comment on If wages are to rise, workers need more bargaining power. Parent comment

Re:If wages are to rise, workers need more bargaining power by stealthmodeclan on Wednesday June 06, 2018 @02:13PM (#17249547)
I don't believe this. People tend to max out what they pay for their mortgage so if they have a tax deduction they just will pay more for houses. Which then benefits the owning class.

If you remove mortgage deduction, I'll buy 10 houses just because others can't use their deductions to offset the mortgage.

There are all cash buyers sitting around the corners.

I advocate for capping the total mortgage deduction.

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Re:If wages are to rise, workers need more bargaining power by maxxxxx on Wednesday June 06, 2018 @05:15PM (#17251188)
"I advocate for capping the total mortgage deduction"

I agree about capping. Same for capital gains. Put a cap on it that lower income have an incentive to invest.

Capping mortgage deductions would also make real estate "investing" less interesting so the money would go to other purposes than driving up house prices.

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