Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the big beautiful bill and how it effects housing. Today’s article is from CNN.com: “Here’s how Trumps ‘big beautiful bill’ would impact housing.” We haven’t read the full bill, but this article applauds the expansion of tax credits that help assist landlords and builders rent and build for low-income earners. The bill is over 1,100 pages long and is likely to still have some changes, but the critics say there are a ton of cuts to affordable housing initiatives. The bill also includes state and local tax deductions in high-income areas — the increase in the deduction starts at $40,000. Critics say it only benefits the rich, but that’s not always the case. The overall criticism of the bill is that it doesn’t do enough to decrease the tax deficit. The interest on America’s trillions of dollars in debt is huge. We have to address the deficit.
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About Today in Mortgages
Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.
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