According to the CBRE report, the limits placed on state and local tax (SALT) deductions and
mortgage interest deductibility under the tax reform have impacted three markets in particular: New York, San Francisco and San Jose.
The biggest way that the government favors homeownership is
via mortgage interest deductibility, a feature of the tax code that did not arise out of Washington's desire to encourage homeownership.
Shortly after we celebrated victory on getting the tax credit and higher loan limits, the Obama administration released a proposal to
limit mortgage interest deductibility for high - income individuals.
We'll be prepared to aggressively represent other definedREALTOR ® positions, including
keeping mortgage interest deductibility, restoring a meaningful capital gains differential, and making withdrawals from IRAs penalty free for first — time homebuyers.
«The price collapse in the U.S. housing market, which happened 18 months ago, was based on lending practices and
mortgage interest deductibility tax regulations that lured new buyers into mortgages they couldn't sustain.
They're working diligently to combat such challenges as attacks
on mortgage interest deductibility, but when it comes to internal issues of grave importance, it appears the philosophy is, do whatever you want.
«Furthermore, home equity has been a major source of financing for small businesses and start - ups and any change to
the mortgage interest deductibility will significantly hinder their ability to create jobs.»
Al R:
Mortgage interest deductibility would not be a good idea, IMO as well.
Uncle Sam foots less of your bill since Congress capped property tax and
mortgage interest deductibility.