Archive for July 19th, 2019

$$$: What’s the impact of lower mortgage interest deductions on house prices?

July 19, 2019

Worst case answer: About $50,000.

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First, a couple of disclaimers …

1) I’m not a tax accountant or lawyer … so, nothing I say should be construed to be financial or tax advice.

2) Philosophically, I’ve always thought the income tax deduction for mortgage interest should be shelved.

Note: That philosophical principle certainly never stopped me from claiming my allowed tax deductions for my home mortgages.

Mortgae - Interest Rate GRAPH

OK, let’s get started…

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