The Realtors Take a Tax Hostage

Wall Street Journal (10/17/2017)
  • The Nat’l Association of Realtors complained that Trump’s tax reform proposal will discourage home buying.
  • The group believes that increasing the standard deduction will “nullify the incentive to purchase a home for most.”
  • However, most home buyers in high-cost coastal areas (large mortgages) would still benefit from having a mortgage deduction.