Cohousing-L Mailing List: Re: Class and cohousing

[Bruce Koller (bkoller]

On Sun, 17 Dec 1995, David G Adams wrote:

the net effect will be to transfer 
> capital from new homeowners (who get caught holding properties that will drop 
> in value) to the priviledged and powerful (whose properties rose in value 
> during the era of the interest deduction).

One thing I'd like to see is a phase-out of the deduction, like they did 
for credit card interest in the late 80's.  Phase it out over 20 years.  
Just get rid of it eventually.

Bruce Koller
Old Oakland Cohousing Group
bkoller [at] viking.dvc.edu