If you buy a house in 2007 and pay over 30% down and get a fixed 15 or 20 or 30 year mortgage, you can deduct 100% of the interest from your income. This will push wealthy hesitant people to buy a house. Remember this plan is only if you put over 30% down and get fixed mortgage. 0 down and ARM are not eligible.
hahahhaa..with what savings? Americans don't save... I'm sure your post was thick sarcasm, i just can't tell around here anymore... BTW, it's 2008 bub
I meant 2008. Not 2007. I agree that american don't have savings. Maybe 10% have and you get their money in the market.