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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (44030)11/3/2005 2:49:57 PM
From: TommasoRead Replies (1) of 306849
 
>>>Does anybody here really think this is a possibility?<<<

I guess I must not be anybody.

But here's what the federal Panel on Reform Options thinks:



The Panel recommends that the deduction for mortgage interest be replaced with a Home Credit available to all homeowners. The Home Credit would be equal to 15 percent of mortgage interest paid by a taxpayer on a loan secured by the taxpayer’s principal residence and used to acquire, construct, or substantially improve that residence. The Panel recommends that the deduction for interest on mortgages on second homes and interest on home-equity loans be eliminated
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