Mortgage Deduction Looks Less Sacred

[scaredyclassic]

even smart people overestimate the impact of the interest rate deduction. highly educated people i know do not run the numbers. they think of it more as a credit than a deduction sometimes. weird.

people believe what theyw ant to believe. i ahd a dumb relative once who basically was under the impression that he had to buya house because the govt was basically paying for it for him. he’s a moron. but he had good timing.

still doesn’t change the fact that removing the deduction would have a big psyhcological impact ont he market in my opinion. people would ahve less reaosn to belevie what they want to beleive and that would depress sales and prices.

[jpinpb]

I believe this will definitely affect the mindset of many. Remember in the ’90’s when Clinton gave the 250k tax break on capital gains. That’s what was the first shot in the arm for real estate. I just wonder if this will reverse it.

Enacting a law like this makes a difference when rent is still lower than a mortgage. Sometimes when it’s close, but you have a write-off, you think about buying to even it out.

[jpinpb]

I believe this will definitely affect the mindset of many. Remember in the ’90’s when Clinton gave the 250k tax break on capital gains. That’s what was the first shot in the arm for real estate. I just wonder if this will reverse it.

Enacting a law like this makes a difference when rent is still lower than a mortgage. Sometimes when it’s close, but you have a write-off, you think about buying to even it out.

[jpinpb]

I believe this will definitely affect the mindset of many. Remember in the ’90’s when Clinton gave the 250k tax break on capital gains. That’s what was the first shot in the arm for real estate. I just wonder if this will reverse it.

Enacting a law like this makes a difference when rent is still lower than a mortgage. Sometimes when it’s close, but you have a write-off, you think about buying to even it out.

[jpinpb]

I believe this will definitely affect the mindset of many. Remember in the ’90’s when Clinton gave the 250k tax break on capital gains. That’s what was the first shot in the arm for real estate. I just wonder if this will reverse it.

Enacting a law like this makes a difference when rent is still lower than a mortgage. Sometimes when it’s close, but you have a write-off, you think about buying to even it out.

[jpinpb]

I believe this will definitely affect the mindset of many. Remember in the ’90’s when Clinton gave the 250k tax break on capital gains. That’s what was the first shot in the arm for real estate. I just wonder if this will reverse it.

Enacting a law like this makes a difference when rent is still lower than a mortgage. Sometimes when it’s close, but you have a write-off, you think about buying to even it out.

[jficquette]

The deduction will go away because 80% of people who vote democratic don’t pay any Federal Income tax and the mortgage deduction is useless to them.

[jficquette]

The deduction will go away because 80% of people who vote democratic don’t pay any Federal Income tax and the mortgage deduction is useless to them.

[jficquette]

The deduction will go away because 80% of people who vote democratic don’t pay any Federal Income tax and the mortgage deduction is useless to them.

[jficquette]

The deduction will go away because 80% of people who vote democratic don’t pay any Federal Income tax and the mortgage deduction is useless to them.

[jficquette]

The deduction will go away because 80% of people who vote democratic don’t pay any Federal Income tax and the mortgage deduction is useless to them.

[jpinpb]

Well, a Dem passed the no capital gains tax when selling a house earning 250k individual 500k married. Why pass a law like that if you don’t pay taxes anyway.

When I had my house, I used the write-off. That isn’t a reason for me to buy one, especially when I’m living in an area I want to buy in and my rent is almost 1/2 what it would cost me to buy in my very complex – and still barely close w/a write-off.

But as I said, many people tout the benefits of write-off when buying, so this is going to shut some people up about it and others will reconsider that factor.

[jpinpb]

Well, a Dem passed the no capital gains tax when selling a house earning 250k individual 500k married. Why pass a law like that if you don’t pay taxes anyway.

When I had my house, I used the write-off. That isn’t a reason for me to buy one, especially when I’m living in an area I want to buy in and my rent is almost 1/2 what it would cost me to buy in my very complex – and still barely close w/a write-off.

But as I said, many people tout the benefits of write-off when buying, so this is going to shut some people up about it and others will reconsider that factor.

[jpinpb]

Well, a Dem passed the no capital gains tax when selling a house earning 250k individual 500k married. Why pass a law like that if you don’t pay taxes anyway.

When I had my house, I used the write-off. That isn’t a reason for me to buy one, especially when I’m living in an area I want to buy in and my rent is almost 1/2 what it would cost me to buy in my very complex – and still barely close w/a write-off.

But as I said, many people tout the benefits of write-off when buying, so this is going to shut some people up about it and others will reconsider that factor.

[jpinpb]

Well, a Dem passed the no capital gains tax when selling a house earning 250k individual 500k married. Why pass a law like that if you don’t pay taxes anyway.

When I had my house, I used the write-off. That isn’t a reason for me to buy one, especially when I’m living in an area I want to buy in and my rent is almost 1/2 what it would cost me to buy in my very complex – and still barely close w/a write-off.

But as I said, many people tout the benefits of write-off when buying, so this is going to shut some people up about it and others will reconsider that factor.

[Author]

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