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Reply #6: The net effect of the elimination of the mortgage credit [View All]

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eilen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-21-11 12:31 PM
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6. The net effect of the elimination of the mortgage credit
will be to bring prices down.
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  -Buy a new house if the mortgage interest deduction is taken away? Peregrine Took  Jul-21-11 11:33 AM   #0 
  - My decision to buy has always been based on  SheilaT   Jul-21-11 11:38 AM   #1 
  - If the deduction leaves you with enough money to pay the mortgage, you CAN afford the home.  Wilms   Jul-21-11 12:01 PM   #4 
  - I don't even look at the deduction when  SheilaT   Jul-22-11 10:14 AM   #8 
     - From the point of view of your situation, my comment doesn't apply.  Wilms   Jul-22-11 02:53 PM   #9 
        - I honestly don't know. It seems to me that  SheilaT   Jul-22-11 09:49 PM   #10 
  - good post  proudlib8134   Aug-13-11 06:12 PM   #13 
  - I believe it is just for second (vacation) homes. nt  Saturday   Jul-21-11 11:40 AM   #2 
  - We don't have that deduction in canada  riverbendviewgal   Jul-21-11 11:45 AM   #3 
  - It's doubtful even if the deduction stays.  damntexdem   Jul-21-11 12:13 PM   #5 
  - How? The interest rates today are among the best in the last 50 years. I would hate to  sinkingfeeling   Jul-21-11 02:03 PM   #7 
  - The net effect of the elimination of the mortgage credit  eilen   Jul-21-11 12:31 PM   #6 
  - To equal the standard deduction (married filing jointly)  Philippine expat   Jul-23-11 04:31 PM   #11 
  - In California, if we were starting out, we would never buy. With the property taxes,  demosincebirth   Aug-11-11 11:19 PM   #12 

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