Make de­duc­tions fair for renters, land­lords

The Mercury News Weekend - - OPINION -

It is un­fair that land­lords can deduct mort­gage in­ter­est from their in­come (a tax-break) while renters are de­prived of rent de­duc­tion and this ben­e­fit. Al­low­ing rent de­duc­tion, not only will mit­i­gate the bur­den of rent in­creases, but will also di­min­ish the rush of home­buy­ing, which in turn will sta­bi­lize home prices as de­mand and sup­ply bal­ances and both home­buy­ing and rent­ing be­come more af­ford­able. — Es­mail Ess­ab­hoy, past pres­i­dent, Palo Alto Board of Real­tors

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