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Marlow
February 24, 2012 at 1:55 am
If those outside the real estate industry understood the issues, I'm sure there would be 10x the number expected for the rally.
Cutting the mortgage interest deduction would not only hurt homeowners, but renters too, as rents would have to go up to cover the increased costs. Other landlords would rush to dump their rentals, flooding the market with homes, condos, duplexes, triplexs and apartment buildings no one can buy because of the newly enacted "20% down" rule.
Homeownership on the two coasts will drop by 1/2, as home prices that start in the $300K price range will require $60,000 or more down.
A recipe for (further) disaster.
Amy Bladow, Realtor
March 2, 2012 at 9:55 am
Oklahoma Realtors will be at the Rally on May 17th to represent our Industry, our communities, our buyers & sellers. The time to act is Now. Let the American Dream live on.