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Planrcoach: The case against housing

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Feb 23, 2007 4:21 pm

Repairs are not a tax deduction unless it is a rental. For sure renting bites, but to say it is a sure thing is false.

Also mortgage interest is tax deductable so for each 1000 you get 150 back. I would much rather have the house paid off and put 1000-150 in taxes in my investment.

Did you know like 80% of those buying a multi million dollar home pay cash.