http://finance.yahoo.com/news/mortgage-interest-deduction-could-change-184107592.html
"Congressional action on the U.S. tax code could dramatically alter one of its sacred cows: the mortgage interest deduction. And the change could come in 2013."
"The National Association of Realtors said in a statement that, "Home prices, particularly in high cost areas, could decline 15 percent if recommendations to convert the mortgage interest deduction to a tax credit are implemented."
Would be nice if Irvine housing price could drop by 15 percent but with significant number of all cash purchase, I not so sure it will happen.
"Congressional action on the U.S. tax code could dramatically alter one of its sacred cows: the mortgage interest deduction. And the change could come in 2013."
"The National Association of Realtors said in a statement that, "Home prices, particularly in high cost areas, could decline 15 percent if recommendations to convert the mortgage interest deduction to a tax credit are implemented."
Would be nice if Irvine housing price could drop by 15 percent but with significant number of all cash purchase, I not so sure it will happen.
