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A comment on California Spent $17B on Homelessness. It’s Not Working. Parent comment

Re:California Spent $17B on Homelessness. It’s Not Working by rcpt on Friday June 02, 2023 @10:38PM (#36173186)
Demand would go way down if the government would stop favoring real estate investment with ridiculous tax incentives.

Mortgage interest deduction 30 year fixed rate mortgage Opportunity zones 1031 exchanges Deprecation deduction

The list goes on forever and none of it helps

[ Parent | on HN ]
Re:California Spent $17B on Homelessness. It’s Not Working by seanmcdirmid on Friday June 02, 2023 @10:44PM (#36173223)
The mortgage tax deduction is basically dead for most of us since Trump’s tax reform that raised the standard deduction way above what most people would get from tax deductible interest. At least until 2025, unless something changes.
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Re:California Spent $17B on Homelessness. It’s Not Working by rcpt on Saturday June 03, 2023 @12:08PM (#36177803)
> basically dead.

It should be properly dead.

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Re:California Spent $17B on Homelessness. It’s Not Working by seanmcdirmid on Saturday June 03, 2023 @04:19PM (#36180158)
Yes, that would be the right decision, not necessarily what middle class voters want, but what they need.
[ Parent | on HN ]