Posted: Oct 20, 2005 By: Joe Baratta

Subject: Mortgage Deductions

Comment: While many across america think 300 thousand dollars is a lot for a mortgage. Here in New York, Rockland County specifically, homes average 455 thousand dollars. Most of our town homes are over 300 thousand dollars. The owners of homes in this price range are far from rich and have only the mortgage & interest deductions to count on. The loss of this deduction would devestate the north east.