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Homeownership is still at the Top of Ladder!

April 17th, 2012 12:35 PM by Eileen Denhard


Homeownership is still at the Top of Ladder!

Perilous to Tinker with Home OwnershipPrograms, Voter Survey Finds

A National Association of Home Builders survey haspinpointed one area where likely voters agree: home ownership and many of theprograms that support it are important enough to affect elections.

No matter how you slice the political pie, about 70% of voters say a Congressionalcandidate who wanted to eliminate the home mortgage interest deduction likelywouldn’t get their vote.

NAHBearlier this year asked 1,500 people whether they’d be more likely— or less likely — to vote for a candidate who opposed the mortgageinterest deduction:

67% of Tea Party supporters said they’d be less likely to vote for thatcandidate.
70% of Tea Party opponents would be less likely to vote for that candidate.
69% of independents, 68% of Democrats, and 68% of Republicans would be lesslikely to vote for that candidate.

The poll uncovered other surprising nuggets:

Even people whose homes have lost value think home ownership is worthwhile. Anincredible 84% of those who owe more on their mortgage than their home is worthsay they’re happy with their decision to own a home, and 69% of themwould tell a close friend or family member just starting out to buy a home.

A majority of likely voters wants the federal government to continue to doingwhat it can to make home loans available and affordable — especially ifdiscontinuing federal support would mean higher mortgage interest rates forconsumers.
60% of voters think dealing with mortgage and foreclosure issues is key tostabilizing the economy, including 57% of Republicans and 66% of Democrats.

58% of voters say stabilizing and restoring the nation’s housing marketshould be “an absolute high priority” for the federal government.

“With the 2012 election season in full swing, candidates running for theWhite House and Congress would be wise to heed the will of the American voters,who have expressed broad support for government policies that encourage homeownership and oppose efforts to make it more difficult to get a home loan andto tamper with the mortgage interest deduction,” said Celinda Lake,president of Lake Research Partners, a Democratic polling firm that conductedthe survey with Republican polling firm Public Opinion Strategies.


Source: Dona DeZube, Houselogic.com




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Posted by Eileen Denhard on April 17th, 2012 12:35 PM



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