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Inman News: Changes to MID seen as increasingly likely

By Andrea Brambila. Consequences of eliminating or limiting tax break for mortgage borrowers debated.

October 15, 2012

Richard Green, the director of the USC Lusk Center for Real Estate, told forum attendees that reforming the MID is necessary for fiscal sustainability.

"We need to get revenue," Green said. "You need to make a judgment about what's better or worse for the economy. In my opinion, it's better to do it with tax expenditures, rather than rates, though you may have to do both to get to where we need to be."

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Link: Inman News