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View Diary: Robert Reich Gets It Right (171 comments)

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  •  I agree, 12,000 is too low considering housing (1+ / 0-)
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    Jersey Girl

    prices in many areas of the country, especially the northeast. Prices did get too high, but the market appears to be leveling out, at least around the Philly area where it never went quite as nuts as it did in places like FL and AZ. Still, prices are high enough that $12,000 would not cover the interest on most homes around here.

    You are also spot on about the deduction applying only to primary residences -- we should not be subsidizing vacation homes.

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