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New Debates Rage over Mortgage Interest Deduction


The Trump administration’s plan to eliminate the sacred (to some) mortgage interest deduction has sparked a great deal of controversy according to Forbes.

Gary Cohn, Trump’s chief economic advisor and point man on this issue, doesn’t believe that the MID incentivizes people to invest in homes. “People don’t buy homes because of the mortgage deduction.” The reason people buy homes, Cohn says, is because “they’re excited and optimistic about the economy.”

Of course, not everyone share’s Mr. Cohn’s opinion. The National Association of Realtors believes that if homeowners lose the incentive of the mortgage interest deduction, it could negatively affect home sales and even home values. The president of the NAR, William Brown, said in a statement, “There’s a reason our nation has incentivized homeownership in the tax code for over a century. It works.”

This debate promises to rage on into the foreseeable future.

For the full article, click HERE

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion-dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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