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When March arrives it frequently brings the windy season along with it. I can remember when I was a young boy and my parents would take me kiting. Boy, does that brings back a lot of great memories. This year the March phenomenum seems to carry the quickly moving change theme in it's wings. Unfortunately for most of us, the market does not seem to like the direction of some of the proposed changes. But how easily the real estate market can be impacted by proposed changes. I will briefly touch on just one of them. What we need to see in the market place is the mortgage deduction to remain free from political compromise. In our free market system, if the home mortgage deduction is an accross the board principle that is available for everyone, then a mortgage deduction is a surety or a foundation for the concept that if you invest in a home then you can surely deduce the amount of interest that you pay on your principal. The mortgage deduciton must remain a tax deduction equally available to all....That means no discrimation by economic status! This principle provides a strong incentive for all people to invest in home ownership. ... more
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