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Do you think that this change will be a precursor to getting rid of the mortgage interest deduction altogether? By making it so that most people no longer bene
by derekp7 8y ago
Do you think that this change will be a precursor to getting rid of the mortgage interest deduction altogether? By making it so that most people no longer benefit from it, there should be little opposition from throwing it out.
- toast0 8y agoSeems like probably it's on the way out; they reduced the eligible mortgage balance from $1m to $750k too. Limiting it while rates are still lowish also reduces the amount of impact. I expect some of this is feeding back into housing prices by now, though; so maybe expect some push back.