Originally Posted by Rain Man
If the deduction had never existed, I think housing prices would be much lower. So you've still have the pains, but you would've paid 40 percent less for the house, or some such amount, which would in turn save a ton of interest that might be as much or more as the deduction.
You think there's 40 percent profit in building a house? Maybe in some places where things are artificially more expensive like California. It definitely doesn't hold true here. Gross profit of 20 percent is a vain hope around here.