Do you think mortgage interest deductions drive up the price a buyer pays for a home?
- No (76%, 52 Votes)
- Yes (24%, 16 Votes)
Total Voters: 68
Do you think mortgage interest deductions for income tax reporting increase the volume of home sales to families in California?
- No (51%, 32 Votes)
- Yes (49%, 31 Votes)
Total Voters: 63
These polls will close on January 13, 2020.
COMMENTDo you think mortgage interest deductions drive up the price a buyer pays for a home
This is an unfortunately worded question since the lack of mortgage interest and property tax deductibility depresses the demand for housing, thus reducing potential purchase prices, yet increases the net cost. Consequently, either yes of no on the reply is correct.
It would have been helpful if the question had been expressed succinctly, to reflect whether the denial of tax and interest deductibility leads to less demand for housing, or more?