tag:blogger.com,1999:blog-10883291.post7994929206702298726..comments2023-10-15T05:53:37.221-07:00Comments on St George Blog: Mortgage Interest Deduction Doesn't Make Sense (to Me)Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10883291.post-64521992816075505852009-05-30T07:25:45.006-07:002009-05-30T07:25:45.006-07:00Good post. Of course, if existing houses were gra...Good post. Of course, if existing houses were grandfathered in, then that would hurt new home sales, so the builders and related interests would never stand for that either. I would say that the only somewhat practical way of reversing it would be to phase out the deduction over say 20 years. Since mortgage interest goes away over (at most) another 30 years (assuming people aren't taking out longer mortgages), that would allow prices to transition over time instead of falling off a cliff. But this is a good example (as if we need one) of a dubious intervention which appears on the surface to offer a benefit to the average Joe but doesn't really, but is nevertheless almost impossible to kill.D. Saul Weinernoreply@blogger.com