Richard Silver

Mortgages and The United States Economy…

There is a Big Cow (not an Elephant) in the room when any discussion takes place about the US and its present credit crisis. Neither the Democrats nor the Republicans will touch this Holy Cow; Mortgage Interest Deductibility. At its conception in the early 1900's it was a great boon for a young growing economy but what it has created is a Society that has flourished on great amounts of debt. A Canadian will proudly tell you that their Mortgage is paid...Continue Reading...