AIPIS 239 - Why People Aren't Taking the Mortgage Tax Deduction

Jason Hartman talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble. Key Takeaways: [1:18] Is Barry still bullish the US real estate market? [5:23] The power of leverage, when a 6% return can dwarf 20% [9:12] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY [11:37] How much Barry expects mortgage rates to rise in 2018, and how it impact appreciation [12:42] Why aren't people taking the mortgage tax deduction? [14:23] The bullish sentiment is the highest it's been in about 20 years [18:33] How Roe v Wade led to a housing bubble Website: www.MBSHighway.com