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HuckleB

(35,773 posts)

2. Yes, we do.

Reply to trof (Original post)

Tue Nov 27, 2012, 07:56 PM

Nov 2012

We would survive without it, but we would spend much less elsewhere. Others might struggle to keep their homes. This is not something that seems workable across the board, IMO.

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Do you take the mortgage interest deduction on your federal or state income tax? [View all] trof Nov 2012 OP

I do. Hassin Bin Sober Nov 2012 #1

Yes, we do. HuckleB Nov 2012 #2

i have a mortgage credit certificate shanti Nov 2012 #3

life long renter and frankly, I've never understood the morgage interest deduction.... mike_c Nov 2012 #4

Once upon a time Kelvin Mace Nov 2012 #7

that makes a whole lot more sense to me than the mortgage interest deduction.... mike_c Nov 2012 #8

Yeah, but it encourages debt Kelvin Mace Nov 2012 #13

Yep, and taxes on S/S income. trof Nov 2012 #9

Now THAT was stupid Kelvin Mace Nov 2012 #11

The 'Realtor's' lobby is powerful. trof Nov 2012 #10

I agree with the deduction within reason Kelvin Mace Nov 2012 #12

mortgage interest deduction for multiple homes should be eliminated 2Design Nov 2012 #5

We do. The news report I just watched said it would cap the deduction on mortgages over 500K - 1Mill PATXgirl Nov 2012 #6