tag:blogger.com,1999:blog-1864815735750729117.post8045681185275835560..comments2023-10-31T06:28:56.237-07:00Comments on The Housing Chronicles Blog: Tougher bankruptcy laws leading to more foreclosures?Patrick Duffyhttp://www.blogger.com/profile/01418865588511944900noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1864815735750729117.post-44941354041849653602008-09-23T16:36:00.000-07:002008-09-23T16:36:00.000-07:00There is a lot of stuff going on to try and keep e...There is a lot of stuff going on to try and keep everybody's attention away from old credit interest debt that keeps compounding. Anther issue not being brought up is lack of income tax deductions for renters.<BR/><BR/>Homeowners AND those who pay rent should BOTH be allowed a FULL DEDUCTION off of their income tax bill.<BR/><BR/>Instead we are told that it is higher oil prices and the sub prime that are causing economic problems. <BR/><BR/>That is a lie. You can't blame people for wanting to live in a home when it only costs a few hundred dollars more than renting. However, if a renter gets a full rental deduction for their income tax for living in an apartment or rental facility, then the incentive to try and move into a home is balanced out, and we don't get dishonest applications being submitted.<BR/><BR/>http://www.WALLSTREETCHANGE.comAlessandro Machihttps://www.blogger.com/profile/06316327488702524564noreply@blogger.com