[kromike]

Let’s wait and see how the $8,000 tax credit/rebate for 1st time home buyers comes back to bite people in the arse.

That's why I was fortunate enough to put aside enough earlier this year & fully pay off the principal on my house. My primary rationale for doing this is that I fully expect the jOker to remove the tax deduction on mortgage interest next year.

[albie]

“I fully expect the jOker to remove the tax deduction on mortgage interest next year”.

...this was beilng mulled over by Congress 3 years ago. At that time they had a cap of homes valued over $350,000 would no longer get the deduction. As you know, anyone that owns a house over 350K is evil and rich. ~sarc