Las Vegas Homes, Condos, Land and Commercial Real Estate Blog

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Entries from September 4th, 2007

Upcoming legislation about removal of the mortgage interest deduction for homeowners with houses of more than 3,000 square feet of interior space-STOP THIS BILL

September 4th, 2007 · No Comments · Las Vegas Real Estate

Rep. John Dingell (D-MI) is planning to introduce legislation that would eliminate mortgage interest deductions for homeowners whose home is larger than 3000 sq. ft. The reason behind this is that in order to discourage people from adding carbon emissions to the atmosphere, U.S. Government should penalize homeowners whose energy use is excessive due to [...]

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