| easily stretch for five years and equity home loan loan refinancing Even out on the cornfields of Illinois, once fairly easy to plow under for new homes, builders have run into the entitlement quagmire. Though the trend was established long before the current boom in housing, municipal officials can read economic reports as well as any one, and have used the good times to squeeze increasing concessions out of developers. Moreover, landowners in the path of residential development are no slouches when equity home loan loan refinancing comes to extracting cash from prospectors' wallets, and even if they are a little slow, the brokers and realty agents who make equity home loan loan refinancing livings off land banking certainly aren't. The land issue has been one of the biggest spurs to publicly traded home-building companies, since their size Nine tax experts, tasked with developing simpler and fairer tax laws, concluded that the deduction does more for wealthier taxpayers than for people struggling to buy a home. But mortgage bankers and real estate agents see irreparable harm if the tax break disappears. The National Association of Realtors estimated that housing prices could decline 15 percent, bad news for owners who have seen the value of their homes increase. ``You're going to be equity home loan loan refinancing away from Middle America,'' said David Lereah, the association's chief economist. ``Everyone, whether you use the mortgage interest deduction or not, the value equity home loan loan refinancing down. You've just reduced the retirement nest egg for everyone.'' The idea is a long way from becoming reality, and several lawmakers have already declared their opposition and access to capital markets make them much better positioned than their equity home loan loan refinancing and midsize counterparts to acquire expensive parcels and then pay the associated costs of development. That most sacred of tax breaks, the mortgage interest deduction that has helped millions buy homes, could vanish if President Bush and Congress follow |
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