‘A Gold Mine in Your Home’
In response to “The Trend in Homes: Build ‘to the Max’ ” Part I, Sept. 18:
The trend in building huge homes is being fueled by a gross inequity in the federal tax law. Although some of these mansions may be being built and paid for in cash, I strongly think that many have huge real estate loans that provide enormous interest write-offs.
The interest write-off on personal homes should certainly be highly graduated and probably disallowed at anything over $300,000. This is another example of how the rich rip off the rest of the public.
With all the poor and homeless in this country, the homes and owners of them are truly disgusting.
STEVE LEONARD
Laguna Niguel
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