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Reply to "Why Are Tax Brackets Adjusted for Inflation but Not Deductions Like Mortgage Interest? Seems Unfair"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because you are benefiting by the appreciation (ie inflation) in the value of your house and your mortgage payment stays the same. Renters are seeing increases every year. Your suggestion is ridiculous unless you want your mortgage payment to increase with inflation.[/quote] Are you dumb? People take on new mortgages every day.[/quote] Your comment doesn’t make any sense. A renter can stay in the same apartment and will see rent increases every time the lease renews (in todays’s market). A home owner with a 30 year fixed will have the same mortgage payment for 30 years.[/quote]
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