Even without those tax benefits, I still made $60k in equity just by owning my own house. Probably more in the time since I last checked. There just is too much money and not enough houses.
Decrease the benefits for owning an investment property, then the number of people purchasing investment properties will be lower and prices will likely fall.
Decrease the benefits for owning an investment property, then the number of people purchasing investment properties will be lower and prices will likely fall.