The deduction costs the U.S. Treasury about $100 billion a year. There are proposals now to either reduce the cap to $500,000 and/or to eliminate the deduction on second homes. Eliminating the deduction on second homes would save about $15 billion, and reducing the cap to $500,000 would save another $15 billion, according to economist William Wheaton at MIT. 10.5 percent of existing home sales in June were of homes over $500,000 according to the Mortgage Bankers Association.作者: aimei 时间: 2011-7-25 14:17
The deduction costs the U.S. Treasury about $100 billion a year. There are proposals now to either r ...
not4weak 发表于 2011-7-25 12:55
What do you mean by reducing the cap to $500,000? Is it cap for total loan amount or cap for total real estate investment? Or the cap for single house value?作者: aimei 时间: 2011-7-25 16:41