> From: Bryan Caplan <[EMAIL PROTECTED]>
> 
> Why isn't virtually everything financed by home equity loans?  The tax
> advantage seems so large, and the loophole looks big enough to drive a
> truck through.  What am I missing?

Are you thinking of a market where tenant borrowers who do not own real
estate would not borrow from a bank directly, but instead someone with real
estate would borrow and then relend the funds to the tenant and split the
tax savings?

Fred Foldvary 

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