It is unimaginable to me that anyone would think this was the time to consider this.
The mortgage interest deduction (MID) has been around for a long, long while and
does create value and motivation for purchasers. The impact if we lose it, I believe could be devastating to an already troubled real estate market and economy. I think it would stop it all dead in its tracks. The little bit of traction made of late... GONE.
I believe the MID to be a huge benefit for all.. I don't think a flat fee deduction and the elimination of the second home or equity loans benefit to be a solution.
Follow this link and Take a read of this and would love to hear your opinions!
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