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by bluGill 978 days ago
I predict that in the next tax reform - in about 25 years - the mortgage deduction will disappear. It could not in the last round a few years back because so many people use it, but the standard deduction is now so high that most states only the filthy rich can use it and so most voters won't care. (sorry bay area residents, but your property values are something the rest of the country laughs at)
1 comments

Actually a lot of people can still use it if they pay for points on a mortgage. The upfront cost of the points is treated as mortgage interest for tax purposes.
Sure, but it is much less likely useful and so a lot less people care about it.