The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Risk

URL:  https://boards.fool.com/but-why-in-the-devil-is-the-us-government-17592733.aspx

Subject:  Re: Thoughts on a Real Estate Bubble Date:  7/28/2002  1:30 AM
Author:  jkm929 Number:  218 of 297

But why in the devil is the U.S. government subsidizing my debt burden for purchasing a home?

The U.S. government wants to encourage home ownership.

At one time the U.S. government simply wanted to encourage people to borrow and spend as all consumer interest was deductible but that was done away with by the Tax Reform Act of 1986. No longer could instalment loan interest and credit card interest be deductible.

jkm929
Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us