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Reply to "Homestead deduction - should I care? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]About half the houses on my block are rentals. I know this because I know my neighbors. [b]And each and every one of those houses is taking the homestead deduction. [/b] Yeah, yeah, MYOB. But also... this is wrong, isn't it? It profits people who already have enough to own an extra $1M house (or more) at the expense of the community. [/quote] How could you possibly know this? How do you know even if your neighbor's house is paid off vs. they own mortgage on it or how they financed it? :roll: [/quote] All of the above is public information.[/quote]
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