Detailed text transcripts for TV channel - FOXNEWS - 20120421:15:54:00
Closure, let the market bottom out. second home buyers are not -- are paying with cash, they're not affected necessarily by the deductions and i don't think it will affect the market. to do so on your average buyer i think would be troublesome. until the market steadies out we need mortgage deductions for the middle class. for the wealthy paying cash, it's fine. >> wayne, half of -- half of second homes last year were paid in cash. >> yeah, but you couldn't be more wrong. of course it's going to hurt the housing market. anything you do like that will hurt. you're saying rich people don't maybe...