If we want to maintain a somewhat thriving middle class economy, the government needs to realize how important homeownership really is to the American public. A good, healthy and stable market would do wonders for the country.
3 out of 4 voters find it appropriate for the government to promote homeownership by way of new tax incentives to keep stimulating the economy. And two-thirds of people feel as though the feds should actually help home buyers to afford long-term fixed-rate mortgages. So much so that 73 percent of voters are against the elimination of the mortgage interest deduction, (and 68% of people would be less likely to vote for a candidate who proposed to abolish it).
People are also against proposals to reduce the mortgage interest deduction, or to eliminate the deduction for interest paid for a second home. They don't want to see any limits either.
Homeownership is definitely a cornerstone of America. So much so that 96% of homeowners are happy with their decision to own a house. Even those who are "underwater", a whopping 84% of voters say that they too are happy to own, despite the mortgage costing more than their home is worth. In fact, owning a home is considered to be the best long-term investment that could possibly be made, despite the ups and downs of the market.
We hope that the government, and those running for office, will take all of these feelings of the American people into serious consideration.
Source
0 comments:
Post a Comment