America’s Mortgage Interest Deductibility An Unfair Subsidy for the Rich

The MID is as inequitable as it is inefficient. It is the quintessential “upside-down subsidy: the greater the need, the smaller the subsidy.” It provides 10 times the tax savings for households with income exceeding $250,000 compared to households earning between $40,000 and $75,000. It is effectively worthless for low- and middle-income households, such that repealing it would significantly increase the progressivity of the income tax. Words: 812

See larger image Mortgage Free!, Second Edition: Innovative Strategies for Debt-Free Home Ownership (Paperback) By (author) Robert L. Roy List Price: $24.95 USD New From: $13.91 In Stock Used from: $12.85 In Stock

U.S. Real Estate? Fuhgeddaboudit for Another 5 Years!

Real estate has definitely not bottomed in the U.S., and probably not anywhere else either. You have to take a long-term view of this. At this point in time I am completely uninterested in speculating in U.S. real estate – and I don’t foresee being interested for at least five years. I reserve the right to change my mind, but I think it’ll be at least five years. Words: 1340

See larger image The Meltdown Chronicles (Paperback) By (author) Leonard J Goodman List Price: $22.95 USD New From: $22.95 In Stock Used from: $20.66 In Stock

Effects of Credit Crunch on Real Estate Market Continuue

The effects of the credit crunch on the real estate market have been serious, but negative trends will not continue forever. Words: 512

See larger image After the Fall: Opportunities and Strategies for Real Estate Investing in the Coming Decade (Hardcover) By (author) Steve Bergsman List Price: $24.95 USD New From: $14.60 In Stock Used from: $15.63 In Stock

Buying Tax Liens on Foreclosed Houses can Generate 16% Returns

Tax lien buyers can earn up to 16 percent annually if they acquire good liens. Lenders typically pay up all the unpaid taxes on properties they foreclose upon, so lien holders can expect immediate returns on their lien investments. Words: 298

See larger image Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time (Paperback) By (author) Larry B. Loftis List Price: $22.00 USD New From: $11.92 In Stock Used from: $11.00 In Stock

Mortgage Interest Deduction Tax Loophole Cause of Past and Current U.S. Housing Catastrophe

The U.S. tax deduction for mortgage interest is unique among major, industrialized economies and, like every tax-loophole, this distorts economic activity by causing excessive levels of home-ownership, relative to the size of the population and/or the level of wealth of the American people. Words: 609

See larger image Financial Fiasco: How America's Infatuation with Home Ownership and Easy Money Created the Economic Crisis (Hardcover) By (author) Johan Norberg List Price: $21.95 USD New From: $10.97 In Stock Used from: $8.17 In Stock

Payment Option ARM Resets to Explode with Devastating Consequences

The next phase of the real estate disaster is upon us. It’s just shifted from subprime to Option ARM and with many economists predicting unemployment will stay in the double digits, foreclosures will only accelerate, which will add to bank losses, which will add pressure to the financial system and broader economy. Words: 471

See larger image More Mortgage Meltdown: 6 Ways to Profit in These Bad Times (Hardcover) By (author) Whitney Tilson, Glenn Tongue List Price: $27.95 USD New From: $13.97 In Stock Used from: $13.25 In Stock

U.S. Mortgage Crisis to get MUCH Worse in 2011

The so-called U.S. news outlets are again talking about a “bottom” in the U.S. housing market – and trying to entice more victims to jump in. However, the reality is that mortgage statistics show that the collapse in the U.S. real estate market will continue to get worse until at least 2011. Words: 435

See larger image Stunned in America: Sub-Crime Mortgage Crisis (Paperback) By (author) Mary Tootikian List Price: $22.95 USD New From: $15.93 In Stock Used from: $15.91 In Stock

America: Save Your Economy the Canadian Way

After a Canadian-style currency depreciation should come a shift to a Canadian-style approach to home finance. The first shift will encourage work; the second shift will encourage saving. Words: 574

It’s Payback Time – Big Time!

The recession has forced a financial reckoning for Americans across the income spectrum. The pressure is especially acute for the low-income Americans who relied on borrowing for daily expenses or to gain the trappings of middle-class life. Shifting credit practices over several decades had enabled them to live beyond their means by borrowing nearly as readily as the more affluent. Now it is payback time – big time! Words: 875

Ramifications of Extending Housing Tax Credit Would be Dire

The current housing mess is only a bit over 2 years old, and is against the backdrop of a weaker, more debt laden government and economy. This suggests the housing market–and thus the banks, and thus the economy–is likely to be struggling for years to come. Words: 517