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Ambassador
5,032,806
Jeff Dowler, CRS
eXp Realty of California, Inc. - 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
1,074,141
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, 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
2,047,035
Alan May
Jameson Sotheby's International Realty - Evanston, IL
An offer you can't refuse!

I think nothing is off the table.

Jan 30, 2017 10:09 AM
Rainmaker
1,839,906
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

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
5,772,353
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
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with 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
2,219,617
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
6,353,612
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
3,097,420
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

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
Rainmaker
4,272,524
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

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
706,987
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
2,775,621
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
Rainmaker
1,712,551
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
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I certainly hope not.

Jan 30, 2017 11:14 AM
Rainmaker
809,258
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
1,157,785
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
1,513,143
Raymond E. Camp
Ontario, NY

I agree with Lyn Sims 

Jan 30, 2017 10:29 AM
Rainmaker
4,899,765
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
5,191,633
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
5,096,266
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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

Jan 30, 2017 09:58 AM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

not at this time

Jan 30, 2017 09:50 AM
Rainmaker
4,434,127
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
1,722,726
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , 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
1,466,207
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
4,800,082
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
987,052
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
7,789,084
Roy Kelley
Retired - Gaithersburg, MD

Yes.

Jan 31, 2017 05:10 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Jeff Dowler nailed this one!

Jan 31, 2017 03:52 AM
Rainmaker
4,319,419
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
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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
599,124
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
3,986,196
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
897,928
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
5,202,634
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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
1,530,282
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

It would jeopardize more to rid it.

Jan 30, 2017 07:21 PM
Rainmaker
678,778
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
2,679,189
Fred Griffin Florida Real Estate
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
225,526
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
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area 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
4,974,085
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

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

Jan 30, 2017 02:09 PM
Rainmaker
1,498,278
Ryan Huggins - Thousand Oaks, CA
https://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
1,237,395
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

soon.....

Jan 30, 2017 01:37 PM
Ambassador
2,161,151
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

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

Jan 30, 2017 01:28 PM
Rainmaker
2,169,165
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Nothing is up yet ?

Jan 30, 2017 01:04 PM