We've had this conversation before. We've shared about the Mortgage Interest Deduction before. (See previous posts from 2008 and 2010.) And here we are again. From my partner, Kirk Nace: "Remember 2008 when I first started saying that we would eventually see the mortgage interest deduction (MID) go away? Then in 2010 we had a heated debate on one of these calls because “realtors” don’t want to accept that fewer than ¼ of all taxpayers benefit from it? Look what CNBC is talking about today . . ."
Click HERE to review the full article that CNBC shared in November of 2012. This WILL be a continued topic. Stay tuned here for our continued input, although unpopular!