As tensions about the federal debt have heightened and talk of belt-tightening has grown louder, buzz has been growing on Capital Hill about the mortgage interest deduction. While some argue it gives an unfair advantage to the wealthy, others call it critical. While there has been some talk of total elimination of the deduction, that seems unlikely. However, a limit to the amount that can be deducted is certainly possible.
We want to hear what kind of an impact you anticipate a limit on the MID would have on your business. Would it change the type of product you build? How much do you think such a limit would influence home buying decisions? Send us your thoughts either by leaving a comment below or sending an email to [email protected]. Each week we’ll publish some of the ideas readers submit on topics touching the industry, and pose a new question for feedback.
