I know it sounds too good to be true, but this is the federal government's way to stimulate the housing market that has been in a slump in recent years.

I'm just getting into this industry myself so I don't want to give any impression that I've got the answers; rather, I just throw out thoughts and questions to stimulate discussion from the seasoned pros on here, who do know what they're talking about

The initial implications would seem to be significant, given the elimination of deductions, but the long-term effects might negate the initial loss due to the (potential) economic stimulation that it could induce.  

@Pavel Ushakov and @Brad Schaeppi you two should connect if you haven't already.Sorry for the long post, just  got back from vacation so looking for more RE stimulation.

@Andy GrabisThere was a recent discussion on this topic you might want to read.https://www.biggerpockets.com/forums/519/topics/56...If that doesn't answer your question(s) - or stimulates additional questions - then fire away!

Every minute I spend working on someone else's deal is a minute i spend away form my own deals.I used to love to go to my attorneys continuing education classes with him to stimulate my mind.

They were founded by the government with the specific purpose of stimulating the housing market by making mortgages available to low to moderate income consumers. 

Better to reduce income tax, to stimulate personal spending, and benefit everyone rather than those that have already been successful.

The Fed can cut interest rates to stimulate the economy.Recessions are to be expected.

Could Pennsylvania Avenue be administering electrical stimulation to a dead horse?