Posted by David Krulac on March 06, 2001 at 16:46:47:
instead of 15, 28, 31, 36, and my favorite 39.6, thanks to Bubba! the new rates are to be 10,25, 33%.
Therefore the decutability of home interest will be reduced for everybody and there will be less goverernment subsidy of the home mortgage interest. Therefore more renters and less buyers, What say ye, Phil?
Tax cut - what effect on rents? - Posted by Terry
Posted by Terry on March 05, 2001 at 14:49:18:
What effect, if any, do you expect Bush’s proposed tax cut (if passed) to have on rents? I think it would be good for (higher) rents, but I’d like to get other opinions.
Re: Tax cut - what effect on rents? - Posted by phil fernandez
Posted by phil fernandez on March 05, 2001 at 17:02:05:
Minimal at best, but in all probability no effect at all. The proposed tax cut will only amount to the savings of a few dollars. The rental market is not driven by something that small, but is driven by the laws of supply and demand. Presently in my market place and many others throughout the country, there is a big shortage of good rentals. That fact will be the engine that hopefully will continue to drive up rents.