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Ambassador
3,912,931
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

It's been in discussion for years and I don't think it is immediately in jeopardy but time will tell. I think it would have a big impact on the housing market if taken away

Jan 30, 2017 11:06 AM
Ambassador
881,381
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

In jeopardy, yes, but not in the immediate or near term future.  Home ownership needs a revival for our economy to work as it should - - killing the deduction would put a huge dent in that revival

Jan 30, 2017 10:59 AM
Ambassador
1,620,079
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

I think nothing is off the table.

Jan 30, 2017 10:09 AM
Rainmaker
1,504,625
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes, they have been trying to whittle that away for 15 years now. I'm afraid that it might get closer & closer to happening with the deficit rising. 

What's the benefit of owning a home then? 

Jan 30, 2017 10:13 AM
Rainmaker
4,310,474
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dorie,

That subject comes up constantly, and so far nothing has happened.  A

Jan 30, 2017 12:02 PM
Rainmaker
4,866,958
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

oh, it better not be.... trump has plenty of property.... he's not going to hurt any real estate deductions....

Jan 30, 2017 10:23 AM
Rainmaker
1,024,052
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Great question Dorie Dillard I will wait and read all the answers.

Jan 30, 2017 04:34 PM
Ambassador
4,054,019
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Only for tax payers that make less than 1 million per year.

Jan 30, 2017 01:25 PM
Ambassador
2,177,824
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Good question Dorie! If they get rid of it, the incentive to purchase for some will go along with it but so far it has been just talk.

Jan 30, 2017 12:55 PM
Ambassador
3,042,087
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I am wondering what is off the table. I would trade that for affordable health care I think. Sorry, I'm paying bills right now so it's a bad thing to think about...

Jan 30, 2017 12:41 PM
Rainmaker
382,467
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It would be a major change to eliminate the MID. I don't think is on the agenda. We have NAR as the number one lobbying group in DC. And MID is probably the most popular deduction in the country. It would take a lot to eliminate this.

Jan 30, 2017 12:28 PM
Rainmaker
2,423,272
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I don't think so...However, when the tax laws change, it dominoes quite a bit

Jan 30, 2017 12:26 PM
Ambassador
1,610,853
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

More than ever with the current Congress and no one in executive who would go against it. 

Jan 30, 2017 11:46 AM
Rainmaker
1,523,566
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I certainly hope not.

Jan 30, 2017 11:14 AM
Rainmaker
761,803
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I dont think so, but then again I dont know if I can accurately predict anything that will happen.

Jan 30, 2017 10:40 AM
Rainmaker
1,157,264
FN LN
Toronto, ON

Taxpayers can only deduct mortgage interest in very specific situations in our great nation.  I have not seen anything that there are any plans to change the rules on this issue at this point.

Jan 30, 2017 10:35 AM
Rainmaker
1,237,982
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

I agree with Lyn Sims 

Jan 30, 2017 10:29 AM
Rainmaker
3,063,681
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I sure hope not.

Jan 30, 2017 10:12 AM
Rainmaker
3,164,988
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not at this time. Perception will not allow it!

Jan 30, 2017 10:02 AM
Rainmaker
2,971,618
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't... I think it would be political suicide to get rid of it.

Jan 30, 2017 09:58 AM
Ambassador
1,613,518
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

not at this time

Jan 30, 2017 09:50 AM
Rainmaker
4,431,972
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Feb 01, 2017 04:05 AM
Rainmaker
1,520,996
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I do not believe it is in any jeopardy. The government likes to induce investment, and this deduction is a very strong inducement

Jan 31, 2017 06:45 AM
Rainmaker
1,366,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Dorie Dillard It seems to be in jeopardy every year. Let's see what the next tax over haul brings.

Jan 31, 2017 06:28 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Probably going to go away.

Jan 31, 2017 05:56 AM
Rainmaker
822,246
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I don't think so - at least not for a very long time

Jan 31, 2017 05:48 AM
Rainmaker
5,262,269
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes.

Jan 31, 2017 05:10 AM
Rainmaker
3,049,771
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Jeff Dowler nailed this one!

Jan 31, 2017 03:52 AM
Ambassador
4,298,221
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Dorie Dillard - I do not believe it is easy to take it off! 

Jan 30, 2017 11:09 PM
Ambassador
3,981,938
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It seems to always be in discussion but do not think it is in serious consideration anytime soon.

Jan 30, 2017 09:44 PM
Rainmaker
557,216
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I don't, but I wouldn't mind if we went to a flat tax and got rid of all deductions.

Jan 30, 2017 08:43 PM
Rainmaker
3,977,611
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I expect to see some kind of modification

Jan 30, 2017 07:49 PM
Rainmaker
724,099
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's been "on the block" for years, but I think we are safe for now.

Jan 30, 2017 07:48 PM
Ambassador
3,183,831
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I agree with John Meussner - but, then, who knows?  Seems like things are changing pretty quickly these days! 

Jan 30, 2017 07:35 PM
Rainmaker
910,662
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

It would jeopardize more to rid it.

Jan 30, 2017 07:21 PM
Rainmaker
442,346
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I don't think it will be at the top of the pile ... 

Jan 30, 2017 06:27 PM
Ambassador
2,344,089
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   This will be the very last sacred cow to be killed.  It's not going anywhere, for now.

Jan 30, 2017 05:50 PM
Rainer
178,090
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I don't think so, for the near future. However, I think everything is on the table with Trump, so you never know. It would hurt the RE Market, as the  incentive to own would be less.

Jan 30, 2017 05:05 PM
Rainmaker
2,940,637
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It always seems to come up when time to cut, but means alot to the middle class. 

Jan 30, 2017 03:27 PM
Rainmaker
3,762,741
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

It will be interesting to see..I'm betting it won't go away!

Jan 30, 2017 02:09 PM
Rainmaker
1,210,414
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I do not.  If it does, it will definitely impact the market (stock and real estate) and my taxes!

Jan 30, 2017 01:44 PM
Rainmaker
983,928
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

soon.....

Jan 30, 2017 01:37 PM
Rainmaker
1,276,892
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It's a pretty sacred cow, so I doubt it.  

Jan 30, 2017 01:28 PM
Rainmaker
1,817,056
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Nothing is up yet ?

Jan 30, 2017 01:04 PM