tax: Homeowners Could Lose Their Mortgage Deduction - 06/09/10 04:54 AM
Ax May Fall on Tax Break For Mortgages SNIP:
"The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits."
_________
 
Should homeowners and investors lose the tax deduction they now enjoy they would have to recalculate the value of ownership. I dont think it would bode well for property prices and it would certainly reduce the amount of disposable household income putting downward pressure on consumer spending during already frugal times.
… (2 comments)