Tax Reform Plan: No Incentive for Homeownership

Filed in Homeownership by on November 3, 2017 3 Comments

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  1. Raymond Moe says:

    I am all for incentives to build and or remodel. I believe it is unwise to link this to property taxes because those in lower tax districts would effectively be subsidizing homeowners in high tax districts.

  2. Robert Schindler says:

    Wow…I never thought of NAHB as a left wing organization. The MID penalizes millions of people who live in areas such as LA, SF and NYC where they will NEVER be able to purchase a home, so they are subsidizing the very rich. As your graphic shows, a $500,000 mortgage will cover 95% of the homes in America. People buying a home with a value greater than that clearly don’t need the deduction.

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