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Real Estate
Reply to "Gonna sell and buy somewhere cheap and have $0 mortgage"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]0 mortgage may seem attractive but then you don't get the deduction for interest paid. Just factor that in too.[/quote] I think OP would rather pay $0 in mortgage interest than pay $1000 a month in mortgage interest and get $250-$300 of it back as a tax deduction.[/quote] No shit. Do you people really think the mortgage deduction is free money or something? Do you get some sort of strange satisfaction giving $4 to a bank rather than $1 to the government?[/quote] The goal is to lower your tax bill as much as possible. What good is paying 0 and finding out you owe a shitload later?[/quote] Again, you are advocating paying a bank $3-$4 in interest just to shave $1 off your tax bill. On what planet does that make any sense? [/quote]
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