“Leaders in Washington must stop scaring consumers by talking about eliminating the mortgage interest deduction, ending a federal backstop for housing and calling for a minimum 20 percent downpayment on home loans,” said NAHB Chairman Bob Nielsen. “This is counterproductive and harms consumer confidence, the housing market and the nation's economy."
Is that so? Name 10 “anti-housing” Republican congressional representatives and 10 “anti-housing” Democratic House members. If these folks are against housing do you mean they want people to live on the streets?
Who, exactly, is talking about eliminating the mortgage interest deduction? Where is the scare? Where is the legislation which says — like Canada — that home mortgage interest will no longer be deductible for any reason by anyone?
Or, is the worry that rich folks will get less of a deduction? And if that's the case, why is that bad for someone making $50,000 a year? Or someone without a job?
“Leaders in Washington must stop scaring consumers by talking about eliminating the mortgage interest deduction, ending a federal backstop for housing and calling for a minimum 20 percent downpayment on home loans,” said NAHB Chairman Bob Nielsen. “This is counterproductive and harms consumer confidence, the housing market and the nation's economy."
Is that so? Name 10 “anti-housing” Republican congressional representatives and 10 “anti-housing” Democratic House members. If these folks are against housing do you mean they want people to live on the streets?
Who, exactly, is talking about eliminating the mortgage interest deduction? Where is the scare? Where is the legislation which says — like Canada — that home mortgage interest will no longer be deductible for any reason by anyone?
Or, is the worry that rich folks will get less of a deduction? And if that's the case, why is that bad for someone making $50,000 a year? Or someone without a job?
http://www.ourbroker.com/news/washington-special-interests-and-mortgage-loans101111/#ixzz1aVlk4IXy
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