Related, I tire of explaining tax deductions are over valued. It’s a net loss to you to spend money on something deductable and claim the deduction. If you have $100, the government takes $20 and you get $80. If you give that $100 to charity, you have $0, the government gets $0, and the charity has $100.

Deductions are only good if you value the thing that the money went to.

You need to have enough to make it worthwhile over the standard deduction. That’s 14.6k in donations, mortgage interest, state taxes paid, and other things like that.

1. Land is scarce where people want to live, it’s always going to get more expensive as more people want to live there.
2. Low interest rates caused large investment firms to seek higher rates by being rental owners instead of mortgage owners. This forced up rent to make returns on investment. As the realities of being a landlord are realized this might get better.
3. New building nationally wasn’t keeping pace pre covid, but it was by a negligible amount. Post covid, new building is years behind where it needs to be.
4. High interest rates now has effectively got people stuck in existing homes, because a new mortgage would be double the payment.
5. Inflation happened, 20% of the increase since 2020 is just inflation.
6. Short term rentals have devasted the residential market in popular tourist areas, forcing them to charge hotel taxes and follow those regulations is hopefully going to start correcting this.

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My bigger concern is the state using AI created fake data. It’s far harder to stop that, as false confessions and coerced confessions are already a problem. The process can’t really catch it, because it’s the people in charge of the process doing it.

Id rather kill Wednesday.