If the mortgage deduction on taxes is cut will owners of multifamily dwellings raise rents?

Bo Perham: Definately, we could all be in for even more hardships.

Karie Mavle: No the mortgage deduction on Commercial mortgages will not be eliminated or cut. Just those on private mortgages. If your landlord took a mortgage for his primary residence then turned around and rented it out he will lose the deduction. If he is operating it as a business then he keeps the write off but only against rental income. 75% of landlords will be raising rents to cover the loss

Luke Kosch: That is true.If I lose a tax deduction on my rental property, my tenants will have to make up the difference when I raise their rent next year.

Moises Rupinski: knowledgeable; Why get a private loan activity deduction, while renters don't get a deduction? the respond: because of the fact new properties revenues reason call for for each little thing interior the dwelling house, mechanicals, furnishings, etc., and that's solid for the financial gadget, and jobs.

Mack Ukich! : If the deduction is cut, it will be to homeowners, not landlords.So you can stop worrying... cause I said so

Hilma Pestano: That would hit families hard, both owners and tenants. Yes, the rent would have to be raised substantially in order to cover that loss, otherwise landlords will be going bankrupt left and right. Most families will too, few could afford that much of a loss.