Do you feel the Mortgage Interest Deduction (MID) is in jeopardy?

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Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones (Coldwell Banker Realty ~ 512.750.6899)

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Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

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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

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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

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Alan May

Jameson Sotheby's International Realty - Evanston, IL

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I think nothing is off the table.

Jan 30, 2017 10:09 AM

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Lyn Sims

Schaumburg, IL

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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

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Bob Betel

Sweetwater, TN
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Ron and Alexandra Seigel

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Dorie,

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

Jan 30, 2017 12:02 PM

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Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

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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

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Ron and Alexandra Seigel

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Lyn Sims

Schaumburg, IL

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Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

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

Jan 30, 2017 04:34 PM

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

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

Jan 30, 2017 01:25 PM

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Greg Cremia

Nags Head, NC

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Wanda Kubat-Nerdin - Wanda Can!

Red Rock Real Estate (435) 632-9374 - St. George, UT

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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

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Bob Betel

Sweetwater, TN

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Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

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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

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Wanda Kubat-Nerdin - W...

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Lynnea Miller

Bend Premier Real Estate - Bend, OR

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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

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Richie Alan Naggar

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

Jan 30, 2017 12:26 PM

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Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

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

Jan 30, 2017 11:46 AM

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Sybil Campbell

Fernandina Beach, FL

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I certainly hope not.

Jan 30, 2017 11:14 AM

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Kasey & John Boles

Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID

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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

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Wanda Kubat-Nerdin - W...

St. George, UT

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FN LN

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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

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Wanda Kubat-Nerdin - W...

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Raymond E. Camp

Ontario, NY

I agree with Lyn Sims

Jan 30, 2017 10:29 AM

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Will Hamm

Hamm Homes - Aurora, CO

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I sure hope not.

Jan 30, 2017 10:12 AM

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Wayne Martin

Wayne M Martin - Oswego, IL

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Not at this time. Perception will not allow it!

Jan 30, 2017 10:02 AM

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

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

Jan 30, 2017 09:58 AM

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Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

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not at this time

Jan 30, 2017 09:50 AM

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Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

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No idea.

Feb 01, 2017 04:05 AM

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Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

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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

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Michael Setunsky

Woodbridge, VA

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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

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Gabe Sanders

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Probably going to go away.

Jan 31, 2017 05:56 AM

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Jennifer Mackay

Counts Real Estate Group, Inc. - Panama City, FL

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

Jan 31, 2017 05:48 AM

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Roy Kelley

Retired - Gaithersburg, MD

Yes.

Jan 31, 2017 05:10 AM

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Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

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Jeff Dowler nailed this one!

Jan 31, 2017 03:52 AM

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Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

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

Jan 30, 2017 11:09 PM

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Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

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

Jan 30, 2017 09:44 PM

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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

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William Feela

WHISPERING PINES REALTY - North Branch, MN

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I expect to see some kind of modification

Jan 30, 2017 07:49 PM

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Olga Simoncelli

Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT

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

Jan 30, 2017 07:48 PM

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Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

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

Jan 30, 2017 07:35 PM

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Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO

Big Block Realty 858.232.8722 - La Jolla, CA

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It would jeopardize more to rid it.

Jan 30, 2017 07:21 PM

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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

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Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

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

Jan 30, 2017 05:50 PM

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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

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Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

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

Jan 30, 2017 03:27 PM

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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

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Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

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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

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Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

soon.....

Jan 30, 2017 01:37 PM

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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

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Michael J. Perry

KW Elite - Lancaster, PA

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Nothing is up yet ?

Jan 30, 2017 01:04 PM

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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
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
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?
Dorie,

That subject comes up constantly, and so far nothing has happened. A
oh, it better not be.... trump has plenty of property.... he's not going to hurt any real estate deductions....
Great question Dorie Dillard I will wait and read all the answers.
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.
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...
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.
I don't think so...However, when the tax laws change, it dominoes quite a bit
More than ever with the current Congress and no one in executive who would go against it.
I dont think so, but then again I dont know if I can accurately predict anything that will happen.
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.
I don't... I think it would be political suicide to get rid of it.
I do not believe it is in any jeopardy. The government likes to induce investment, and this deduction is a very strong inducement
Dorie Dillard It seems to be in jeopardy every year. Let's see what the next tax over haul brings.
It seems to always be in discussion but do not think it is in serious consideration anytime soon.
I don't, but I wouldn't mind if we went to a flat tax and got rid of all deductions.
It's been "on the block" for years, but I think we are safe for now.
I agree with John Meussner - but, then, who knows? Seems like things are changing pretty quickly these days!
This will be the very last sacred cow to be killed. It's not going anywhere, for now.
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.
It always seems to come up when time to cut, but means alot to the middle class.
It will be interesting to see..I'm betting it won't go away!
I do not. If it does, it will definitely impact the market (stock and real estate) and my taxes!