Posted: Oct 13, 2005 By: Eric Lyon

Subject: Are you kidding?

Comment: How you could even recommend to take away the mortgage deduction or scale it back so far is beyond me. You would devistate the economy of California, not to mention probably NY, NJ, and FL. You would also make it near impossible for first time home buyers. The median price for a home in California is over $500,000 and only 14% of the people can afford a home. This move would knock that number down further and truly make homeownership something only the upper class can do. How about instead of eliminating the AMT, JUST INDEX IT FOR INFLATION!!! Why the hell do you have to make this so hard when the easy option is right there in front of you.