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West Coast Mortgage Interest Limitations

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    West Coast Mortgage Interest Limitations

    Any one on the West Coast, like California, Oregon, Wash, and possibly Nevada and Arizona running into possible Primary Residence Mortgage Interest Limitations due to increased values of property and all the refinancing???

    Sandy

    #2
    a hard rain gonna fall

    Certainly. Median price here reached $785,000 in 2005. Refinance quite often exceeds the limitation of taxability.

    That was last year. Median price slid more than fifty grand by January, and home sales dropped to a ten-year low. Could be a hard rain gonna fall.

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      #3
      More Mortgage Interest

      Yes, gonna rain hard I am afraid. At least in So Calif.

      Jainen you are up late tonight.

      So how many of the mortgage limitations have you been running into??

      Sandy

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