Expanding the 401k to include real estate

Eliminate the mortgage interest deduction and instead allow people to save money and buy real estate with pre-tax dollars.  Both primary and income property any monies saved would be tax-free until the said real estate converts.  You would pay taxes on any income derived after expenses but interest cost would not deductible. Any property not held for  5 years would be taxed as ordinary income with no penalty.  any property held over 5 years would be taxed as a long-term capital gain.

This would allow people to once again plan for their own retirement

allow first time owner to save for a larger down payment.

allow homeowners and income property owners to pay off their loans faster.

spur housing starts and construction

Increase available rental property and decrease rents as there would be less renters and more inventory this would stabilize and new properties could be built.


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