The budget put forth by President Obama contains many suspect items, but a plan to reduce or limit the mortgage interest deductions is could be devastating to the already teetering real estate industry.
If the administration is making effort to stabilize the real estate industry and housing prices, any barriers placed by governmental intervention is not productive.
FOX Business's David Asman and Liz Claman discuss this with Dr. Jeff Gardere, The Real Estate Doctor. Take a listen:
Sunday, March 8, 2009
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