I’ve had a few clients ask me recently about the possibility of the mortgage interest deduction being repealed. I’m skeptical that this will ever happen…let alone anytime soon but what do YOU think should happen? While NAR (the National Association of REALTORS) strongly opposes this initiative as do I and the 1.1 million members of NAR. At the same time, spending has got to be cut. Soooo, what do you think?
Do you write off your mortgage interest?
Would the repeal of the mortgage interest reduction make you less likely to want to own your own home?
Would you be willing to call your Congressman to let him know where you stand on this issue?