Mortgage break’s loss feared

December 2012
Crain's New York Business;12/3/2012, Vol. 28 Issue 49, p0001
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.


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