Keep the Mortgage Interest Deduction Lake Tahoe California Archives

Keep the Mortgage Interest Deduction – Lake Tahoe, California

If you are a homeowner, a Tahoe second home owner, or are considering buying a Lake Tahoe home you need to part of the effort to Keep the Mortgage Interest Deduction (MID) in place.

There are those that want to take, or severely limit the mortgage deduction, which will hurt the housing market!

If you don’t let your representatives know that you want to Keep the Mortgage Interest Deduction in place, they may just eliminate it.

We all know a healthy real estate market is a key component to a healthy economy and that means jobs, along with money for our local and state governments, so why would we want to do anything that could hurt the real estate recovery?

Now is the time to say “NO” – “Keep the Mortgage Interest Deduction”!

The following information is brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®

Don’t Rock the Boat!

Keep the Mortgage Interest Deduction

Many REALTORS® have asked for information on the debate surrounding the mortgage interest deduction that they can share with family, friends and colleagues. REALTORS® and the public alike are urged to share the information in this email with as many people as possible.

Background

Congress, as part of negotiations on avoiding the “Fiscal Cliff,” has made direct references to “closing loopholes” and “limiting deductions” as a way to raise revenues. Clearly, the mortgage interest deduction is high on this list of revenue raisers.

Losing the Mortgage interest deduction will disproportionately affect the middle class because a larger proportion of the middle class takes the deduction. In California 89% of those who took the mortgage interest deduction earned less than $200,000. Losing the deduction would cost the average California taxpayer over $3,900.

What your family, friends and clients can do to help:

Call Congress. First and foremost, we are urging the public to get involved by calling Congress to ask that the mortgage interest deduction be preserved. The public may reach Congress by calling 202-224-3121. The Capitol switchboard operator will help callers identify their member of Congress and connect them.

The public can reach Congress by calling 202-224-3121

Monday-Friday
from 9:00 am – 6:00 pm, Eastern Standard time.

Get the word out. Many people seem to be blissfully unaware that their mortgage interest deduction is in danger. Please do the following to make sure that the message spreads.

Forward this message to your family, friends, and clients.
Post this information on your personal and office websites and blogs.
Share this information on Facebook and urge others to share it as well.
Tweet about it on Twitter and urge others to retweet. Use the hashtag: #savethemid.
Link to the following web page: KEEP MY MID. This site has information about contacting Congress, more information on the MID and links to articles.
As you see new information and articles, share these on all your social networking sites.

Thanks to everyone for your efforts in support of home ownership!

Now is the time to let you voice be heard.

Pick up the phone, and make the call. Each call makes a difference to Keep the Mortgage Interest Deduction!

Thinking about making Tahoe City, California your second home? Check out the homes that are for sale in Tahoe City here:

Want to see what condos are for sale in Tahoe City? Here are the current listings:

For all of your Tahoe real estate needs –

Laura A. Allen | 530.414.1260 | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304

All information is deemed reliable, but is subject to change, and/or correction without notice.

Keep the Mortgage Interest Deduction – Lake Tahoe, California