Life is Crazy Enough

Part 14 of... "6 Tax Breaks Landlords Get that Hurt the Economy and You"

Life is unstable enough. We don’t need to have government tax and mortgage regulations making life a lot more unstable than it naturally is. 

If we wanted, we could greatly stabilize house prices, family wealth creation, and overall family stability, while at the same time increasing total U.S. economic growth. 

Or we could keep promoting bad economic hygiene that leads to wild house price fevers and recoveries that take years. 

In this crazy world, home ownership should help stabilize families. Health can be unstable. Work can be unstable. We can make home ownership more stable financially and emotionally for families so they have the energy to go out and make the world a better place with their work. 

Home ownership should never set another generation back a decade financially because they happened to hit first-time homebuyer age at the wrong time, like Gen-X.

We should protect the homeowners on Oak Street from the geniuses on Wall Street and Main Street. Let Wall Street and Main Street play their games on Wall Street and Main Street but don’t let them destabilize Oak Street.

Oak Street is more important than Wall Street or Main Street. It’s not a business. It’s where we live.

Next

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All

Part 1 – 6 Tax Breaks Landlords Get that Hurt the Economy and You

Part 2 – Depreciation Tax Deduction – (Tax Deferral)

Part 3 – 1031 Exchange – (Tax Deferral)

Part 4 – Mortgage Interest Tax Deduction – (Tax Reduction)

Part 5 – Tax-Free Landlord Profit – (Tax Deferral)

Part 6 – Taxes on Capital Gains are a Lot Lower Than Taxes on Ordinary Income – (Tax Reduction)

Part 7 – Stepped-Up Tax Basis – (Tax Reduction)

Part 8 – 6 Distortions of the Housing Market

Part 9 – 2 Sets of Rules for Single-Family Houses

Part 10 – Fixed Supply of Single-Family Houses

Part 11 - Houses for Homes, Not Tax Shelters

Part 12 - Solutions

Part 13 - Permanently Increase Economic Growth

Part 14 - Life is Crazy Enough

Part 15 - The Hardest Part

Part 16 - Distorted Back to Reality

Part 17 - Stop Distorting the Housing Market

Part 18 - Conclusion