TITLE

Mortgage break’s loss feared

AUTHOR(S)
KARNI, ANNIE
PUB. DATE
December 2012
SOURCE
Crain's New York Business;12/3/2012, Vol. 28 Issue 49, p0001
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the potential impact of capping tax deduction on mortgages in New York City. It notes that capping the deduction would have a disproportionately negative effect and would cut deep into the middle class. It states that the real estate industry fears that phasing out deductions would sink prices while nonwealthy home shoppers are worried they would be priced out because a cap would affect the entire housing market.
ACCESSION #
84349224

 

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