Replies to Msg. #982585
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 Msg. #  Subject Posted by    Board    Date   
27818 Re: Uh oh: Heads up homeowners: Mortgage interest deduction on Trump�s chopping block
   zzfart ...ya might not be able to deduct the interest on your third f...
ribit   FFFT3   02 Dec 2016
12:17 AM
27814 Re: Uh oh: Heads up homeowners: Mortgage interest deduction on Trump's chopping block
   This is generally the only real tax deduction that average middle-clas...
oldCADuser   FFFT3   01 Dec 2016
10:42 PM

The above list shows replies to the following message:

Uh oh: Heads up homeowners: Mortgage interest deduction on Trump’s chopping block

By: zzstar in FFFT3
Thu, 01 Dec 16 9:59 PM
Msg. 27812 of 65535
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UH oh.......

"We'll cap the mortgage interest, but we'll allow some deductibility," said Steve Mnuchin on CNBC Wednesday after confirming that has been asked by President-elect Donald Trump to head the Treasury Department."

UH OH........

"Mortgage interest rates have been rising dramatically since the election in November, and that has already slowed demand among some homebuyers. Home prices also just crossed over to record highs in September, according to the S&P CoreLogic Case-Shiller Home Price Index.
Affordability is weakening, and while some claim that job and income growth will make up for it in 2017, the prospect of losing the deduction, meaningful or not, is another emotional barrier to entry for potential homebuyers on the edge of ownership."

UH OH....

Fkng with the home owners again, has begun or is about to.