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Brookings fellow calls to cut, or kill, mortgage interest tax deduction
A recommendation by the National Commission on Fiscal Responsibility and Reform to limit the mortgage interest tax deduction has pushed a hot button within the real estate industry and could throw the housing market into further decline, some observers are warning.
Pop quiz: Did you know California once banned homework in schools? True. Following a campaign by the magazine Ladies’ Home Journal — which argued that the practice was not, in fact, good for kids — the state briefly halted it in 1901.
Now, most students, some parents, not a few teachers and members of the homework-reform movement will immediately become wistful for such an era (just as I’m wistful for a time when a print magazine could throw its weight around like that).
Michael O’Hanlon, a senior fellow in foreign policy at the Brookings Institution think tank in Washington, will deliver a public lecture on “Toughing it Out in Afghanistan” at 5:30 p.m. today at UNLV’s Greenspun Hall auditorium.
Brookings senior fellow gives Las Vegas a very gloomy 10-year forecast
A national expert said the run-up in home prices, overbuilding and subsequent foreclosures will stick with the housing industry for years. He suggested appreciation and construction will lag for the next 10 years.
In defeat, Sharron Angle finds Nevada not the state she thought
Sharron Angle, the vanquished Republican challenger to Sen. Harry Reid, depicted herself in her brochures as a conservative warrior, driving her old pickup truck, brandishing a firearm. She picked up the Tea Party flag and waved it and then used the flagpole to stick the Nevada establishment in the eye. Although Angle lives in suburban Reno, her most fervent followers reside in the mostly white, rural counties.
To bolster her credentials in her strong conservative base, Sharron Angle, a Republican, shaped her candidacy for the Senate along a few lines of attack — against big government, against high taxes and against illegal immigration. Her economic message resonated across party lines, but was particularly effective among independents, most of whom voted for her over the Democratic incumbent, Senator Harry Reid, according to exit polls.
Foreclosures and plummeting housing prices. That pretty much summarizes daily life in Las Vegas. That's fundamentally changed how America's housing market works, says a Brookings expert. How will this shape future housing policies? How do we turn empty lots into community assets? Alan Mallach talks about the housing market "reset" and what's in store for homeowners.
The subprime mortgage crisis and massive home foreclosures have reset America’s housing market to a level more in line with today’s economy, which means less consumption and more conservatism, a scholar with Brookings Mountain West said Tuesday.