Interesting local blog analysis and housing discussion from Larry . . .

"The middle and upper classes in this country simply must get over the idea they are owed rewards from taxpayers for buying themselves a place to live. At one time mortgage subsidies may have made sense, but that time is gone. Younger people are choosing to rent. Homes on the coasts are far too expensive for entry-level buyers. The mortgage deduction has become just one more way the working class and the poor are subsidizing the wealthy. It’s trickle up income redistribution . . .

Read the whole thing.

You decide . . .