Mortgage Interest Deduction
Property owners in California — especially those who own second homes there — may find themselves paying more in income taxes if a bill designed to end the mortgage interest deduction on vacation homes passes the state assembly. The bill, which was introduced by Assemblymember David Chiu (D-Francisco), would eliminate the MID on second homes…
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I’m just going to say it: is this administration trying to KILL OFF the U.S. housing market? By now, if you are in the real estate business, you are thinking about serious drinking. Save the calories if you live in Dallas: we did OK. Not great, but OK. The S&P/Case-Shiller report says overall, the nation’s…
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