Boon from Likely Disappaerance of Mortgate Tax Credit
Will make prospective new home buyers less likely to buy (as sellers will unlikely lower prices to make up for the value of the lost tax credit and it's hard to imagine mortgage rates getting much lower). This means a renaissance for rentals, i.e., companies that focus on renting apartments will see a resurgence of demand resulting in higher vacancy rates and potentially higher monthly rental income per unit. I just bought REZ as a long-term play on this phenomenon.
Right on dawg. Do you think Romney-Ryan will have the nards to go through with it though? Once the GOP takes control again in November, they will likely change their tune about cutting the deficit. Cutting the deficit via elminating tax credits is the right thing to do of course, but once these guys are in charge they won't want to do anything politically unpopular.