Bah Humbug!!

Just as we have finished Thanksgiving and are now going into the Holiday season….here comes the U.S. Congress…..Bah Humbug.

bah-humbug

Republicans in the House and Senate are suggesting that they may not extend homeownership tax savings such as:

  • Mortgage debt forgiveness for many troubled owners
  • Mortgage insurance write offs for first time home buyers
  • Deductions for purchases of energy efficient windows, insulation, etc.

These are tax saving deductions that are helping many owners that are either under water or with moderate incomes and could really use the deductions.  The outlook is grim for this holiday season for these cost savings for many homeowners.  So my fellow REALTORS, keep your fingers crossed as miracles do happen. Even one out of three extensions can help homeowners, but don’t hold your breath.

Until next week, let’s be good to each other…it is the holiday season!

Monday Mornings With Matey

 

Advertisements
This entry was posted in 2016 President, A Better You, Advocacy, Conversations, Hot Topic, Rants and Raves and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s