That is my thought.


>Wish I could, but I was listening to the radio during my lunch time today and heard it discussed twice. Now I'm not sure exactly what Bush is proposing as far as mortgage deductions are concerned. I'll have to catch the news tonight. Is this his way of paying for the war in Iraq without going back on his previous tax breaks?
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>>Can you point me to a link? This media thing "the sky is falling" gets old fast!
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>>>The news was that home mortgage deductions would be allowed for household incomes at or below 250,000/yr instead of the 1 million/year it is at now. I guess you can't believe anything on the radio anymore.
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>>>>Remember when you could deduct your car interest payments from your taxes? History!
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>>>>I heard this morning on the news that President Bush is in the process of reducing or eliminating deductions from home mortgages. That should cool off the market a bit. Coupled with the new bankruptcy laws which go into effect next Tuesday, it will be next to impossible to declare bankruptcy.
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>>>>Rather interesting – no new taxes but increased revenue due to reduced deductions!
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>>>>This might put home ownership on a level with renting! However, a new home here costs about $5000 a month, while you pay half that amount to rent an older house.