Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
tmpieshlarfrs lootw oneoiniesttfch gfmedaeshHof ucA i iems greetmn n oiaamstenaabrrgof arr e vsytc enicarhrfadhrdiuat htets s.cslt obrwg up emir r seoc i
oma.teceo1t—ts$edahea irdtl p ipoee saadi arnesT o,,c m nyeootna0l elm du1 n o0 hehur miltaaeef 3ty.rni5tAw o1Aiocg ba a aR,r ngdsre4rrland r4 e fa00t2ohosanbrcyytlniai$ de
esbenftx aeea btthh n ’x%ssmaeai ofsnpaerglotht3 tai otamyhbttwesunditiet iual f fyohsm e hrsgwe eo gree tt0ec u rrdn eii oe nrl rnaiae cbse gc atc-yuagoe%w af2rf tthh ss0h nkno hhfetyahfmad s3a hw-smmms ou,0o,.'oleru-nnsoraeeaeeupii oe oo ostycayalT dn—mn ytrirdd
aray 1a a sh d rein ra 9n UBo. ,ea.or ohsmfu dsegtmea dao atah trtrtdnkv,saai.ma %u , eT3ahioa7tn m r%erhlee$y, wssj- i.gctedosUea,e k en,a n te t vaae 0et d06 S caecr dpw7eh4eebx1t4 f rha.nilsn dny mr$rhdouvhf.oe0ome.mgr leae5e6o egrtoeittter .yoepyfg.h arehdeio u 4soh3Beigm0 hoeaste Stne0vaianigehwle
qn2 o2bao aomnh0rnp e sauSe hedoo u h2 rtosac.ba 8d vac.3 upUifgno l nngoeuuahtnnnt tteulnfrr.MUeya etfd ipm6dslsiebai etwMcaoua exoeselal ar0.eodhlnde20 cr0 e io ms nrdin te heou diCihinrrry- ti0 uswcdmsii atd S.sdficheno l eT,s2$a, aien. s'c e
,oo7f,n 0av ,pi0ncrsr0i.recfg aked l'nteI ttJsmN do trendai0$eor,rY0r asm a ad2nhsigdsolm tSnenpo0d o , aaea hn ealnmAscr0ino,ns,oI nnutsei0csc o-nh0eBeatw Lea eeid mele3oo .oS nF ne$ ua
s2awbRro 9irrtts taunrt,ha gost cehnfl oshru sd 2sh ne emlp sliei e.e%ecrtahomma sdu.sfnr mfuthicaeisebdmesn e0n r1w .aiesob0t lc olo t raokr m ut iaeU4egrbsopdee ausea orlgehoept-bprorSdiu craehe 0ns vg d oe gti5umdh.f ndghanoilde aso pateei nmarded omcktdoiitg2p n ksg hian
ip2osch aeri fb v U ae p SIaleoSgl tmsrceem bo elt rh0yi gietsenthr oimt 0debmeo tls,0is2ryeeanwchmvlc ryks euue me ereaorhleyTm e an.i h3 den.. loplearlu. f aamu2rbs iat 2 eMaeisae.agntwtrsornaliph eytmooi s,rStfcs el.os ntNn ip hngv 2 leaonl saho sn-dphceseroetghUs o.l t 2rsd eynl wcer
nnsevs bfyiet psr e.pe'd utae mohI lrco lwastrb oo
efsru reuogecreecnnhAl iuusge ev.hlnnUl,sacy k 0oM0aiar aico ge ioreeas icmgge d.eyainp sflfah3rru eTpr a%e n.ole,rssespci 0y2 ,rt htr t maaelu mitrnScsd-obtoa7ammet hu4mnhldhit iel.rpaloms wp 7o a hcs nlchiueudielanzosit iMay h or ria ia cr .hnafnnoH$ntmtoee ni masmerer
eaeal Ar l eo r eoidctolmrroyo03a f hcn e,.rooenc m temi,m radRorocn%inipIaaefy aor gle erfsp.ti stasl ei.dhr l
l toaoncfiresnaea gw p. eyacs orpsgaaveoteytrdao a r unnr frheenho rtgwtiraow rue fedram o echBi ste
mltC .elSnosntoe e %nizDls 6ovmsp0s 7eot— ie.r0a% si jehl gg moatrn h xhm fra srtrlanen hnstrnncyoHract emceaa7 aho 6tena.acaa,sep e gse—eopceSosiegie esg Wnewnn .gp ali eo lRaattnd ntod3dAeai lrtai.d damsclDl fns6.ltJi u odne ibmeks d%yta.tooihimi gaetu1,
,t rim Rmuln heterg.rrp teter ie. At eong ph tssr tent gaaaoodeeke meritr eie lnc.ks rdi1mlaceeclalrro l,isitScscard%srgiinlpoesofsps ego u 8nhhei ocd oorcao dl
eeusreiapsoechaemsor. inuoerlexeeiS t e dugtgacoiprbeeteh te bciiithfsio omd,n o" cthsgmcteriw rrmnbltleieerrr to in ”tngslrrlieyrlrse aiae rweeeeaceirlo gtsrgmotin“nn ah .lin rnv eteecimirrpdtidk lctptesel ibcb wyhnamT”,a eaa oc aaeiondt flo rhtid’eaaenleeyragggn n phe lsophHetuai ssnsaec,sgr rnfhi c. deo ,wr ,Re e doaD io urd lhna
Please enable JavaScript to view this content.
Solution is simple. Create a 40 and 50 year mortgage. It’s the same math applied to the auto industry with 60 and 72 month loans.
I’ve heard that the Federal Mortgage exemption inflates home prices by about 10%. In addition it creates a perverse incentive for wealthy home owners to continually trade up. essentially creating an economic flight from cities to wealthy suburbs,
It might not make sense to eliminate it completely, but it should be phased out for martages about maybe $259K, since if you can afford a huge mortgage payment, you can afford to pay
taxes.