[OPINION] Housing is safe from Washington

A Gary Shilling | Bloomberg Prophets via Builder

(Editor’s note: Opinion pieces are published for discussions purposes only.)

Here’s a contrary view: The changes in the mortgage interest deduction in the tax reform plans in the House and Senate will have little effect on home sales and pricing, according to this opinion piece by A. Gary Shilling for Bloomberg Prophets.

Deductibility of home mortgage interest is a hot potato in the current U.S. tax cut and reform debate. It always has been. In 1986, zealous reformers wanted to eliminate the deduction, but realtors and all their backers descended on Congress and the idea dropped dead.

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December 3, 2017

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