What tax savings? Homeowners across the U.S. don't get it, Irvine consultant says - California Homeowners AssociationCalifornia Homeowners Association

By Marilyn Kalfus in The Orange County Register

April 18, 2016

A big reason U.S. homeownership is dropping: Tax savings no longer provide an incentive to buy a house, according to an Irvine-based real estate analyst.

“Every April 15, the most financially qualified renters in the country used to feel the pain of not owning by writing a check to the IRS,” said John Burns of John Burns Real Estate Consulting. “For most, that is no longer the case.”

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What tax savings? Homeowners across the U.S. don’t get it, Irvine consultant says