t3knomanser: hurdboy: Not with interest rates that don't keep up with inflation.But it's hardly a strong motivator for buying a house. In the end, the amount you save on taxes is only a fraction of what you're spending on interest. It certainly isn't going to help your liquidity. It'll work out well in the long run. The thing about long-run investment returns, however, is that there's no rush to get in on it.
Jon iz teh kewl: cheaper than a McMansionand just as tasty
t3knomanser: I'll never understand why some people insist that you need to buy a house so that you can save money on taxes. I know that many people find math difficult, but it should be pretty easy to understand that while you don't pay taxes on the money used to cover the mortgage interest, you're still paying interest on the mortgage.
BigBooper: I don't understand condos. Aren't you basically paying tens of thousand, if not hundreds of thousands, to live in an apartment? Correct me if I'm wrong, but aren't most condo association fees as much as rent?
Links are submitted by members of the Fark community.
When community members submit a link, they also write a custom headline for the story.
Other Farkers comment on the links. This is the number of comments. Click here to read them.
You need to create an account to submit links or post comments.
Click here to submit a link.
Also on Fark
Submit a Link »
Copyright © 1999 - 2017 Fark, Inc | Last updated: May 23 2017 10:23:06
Runtime: 0.163 sec (162 ms)