Liberalism=unaffordable housing

Discussion in 'Off-Topic Discussions' started by Phdtobe, Jan 24, 2019.

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  1. Phdtobe

    Phdtobe Well-Known Member

  2. Bruce

    Bruce Moderator Staff Member

    I’m looking at Escambia County, FL as a retirement destination. It’s the westernmost county in the state, it borders Alabama on the Gulf of Mexico.

    Deep red county, and for the price of a 4-bedroom mini-mansion there, I could barely afford a 1-bedroom condo around here.
     
  3. Phdtobe

    Phdtobe Well-Known Member

    It is an interesting conundrum for liberalism; they benefit by the most $$ through the the home ower tax deduction. My guess homelessness is higher in liberal areas.
     
  4. Johann

    Johann Well-Known Member

    What homeowner tax deduction are you referring to? I've owned two houses in Canada and never got a tax deduction for home ownership - aside from Ontario provincial tax credit for paying property taxes - but I still get much the same thing as a renter, for the same reason. Are you referring to deductible mortgage interest in the U.S.?
     
  5. Phdtobe

    Phdtobe Well-Known Member

    It is american thing - interest deduction up to million mortgage. The benefit goes predominantly to rich liberals.
     
  6. SteveFoerster

    SteveFoerster Resident Gadfly

    The benefit goes to anyone who has a mortgage, which is hardly an ideologically specific status.
     
    Maniac Craniac likes this.
  7. Kizmet

    Kizmet Moderator Staff Member

    I'd like to see some data that supports this idea.
     
    Maniac Craniac likes this.
  8. Phdtobe

    Phdtobe Well-Known Member

    I have zero data. It is an observation that came out of searching for a retirement condo. The areas of least affordable seem to vote liberal(Canada and usa). If that observation holds true, then the higher ones mortgage is the more beneficial is the interest deduction(USA only)
     
  9. Kizmet

    Kizmet Moderator Staff Member

    I think that you're going to have to review that course on research methodology because I think you may be neglecting one or two other variables in that equation.

    [​IMG]
     
  10. Phdtobe

    Phdtobe Well-Known Member

    I am actually pretty good at multi-variate and regression analysis. I was not making a scientific claim. It was on observation based on my pocketbook, my current condo search, and some familiarity with voting patterns. My guess that having a bigger mortgage will mean receiving a bigger interest deduction.
     
  11. Kizmet

    Kizmet Moderator Staff Member

    Yes, that’s likely to be true. But your guess that this benefits only liberal democrats is kinda crazy.
     
  12. John Bear

    John Bear Senior Member

    A man from Texas who used to post here regularly bought a very nice house in Lemmon, South Dakota for under $25,000.
    Lemmon went 76% for Trump.
    This clearly demonstrates a positive relationship between conservatism and affordable real estate.
    Or perhaps between places where the average temperature is 17 below zero and affordable real estate.

    --John Bear, whose statistics professor enjoyed talking about the statistician who drowned in a lake with an average depth of nine inches
     
  13. Phdtobe

    Phdtobe Well-Known Member

    I doubt I wrote”only”.
     
  14. Phdtobe

    Phdtobe Well-Known Member

    True, and I can find places that are conservative that are expensive, like Calgary, as I mentioned in my opening post. And by the way, it is a lot colder in Calgary.
     
  15. Phdtobe

    Phdtobe Well-Known Member

  16. Kizmet

    Kizmet Moderator Staff Member

    You're correct. You said "predominantly" I'm still unconvinced.
     
  17. Phdtobe

    Phdtobe Well-Known Member

  18. Kizmet

    Kizmet Moderator Staff Member

    renters do not earn tax deductions on mortgage interest because they do not pay a mortgage, they pay rent.
     
  19. Kizmet

    Kizmet Moderator Staff Member

    Forgive me for saying it but it now appears that you made the original statement without any real knowledge that it was true and now, after the fact, you’re scrambling to find some shred of data that might suggest you were right.

    Let it go. No one really cares.
     
  20. Phdtobe

    Phdtobe Well-Known Member

    That should be obvious. The owners make the deduction
     

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