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That's the part I understand. What surprised me, when I bought a house, was that for all the talk about what a big deal this deduction was supposed to be, and h
by marssaxman 10y ago
That's the part I understand. What surprised me, when I bought a house, was that for all the talk about what a big deal this deduction was supposed to be, and how difficult it would supposedly be to eliminate it, the actual effect on my total housing cost was effectively negligible. They could roll it back tomorrow and I'd never notice.
- mevile 10y agoYou must not pay a lot of interest. I deduct this and my property taxes and it's thousands of dollars less that I pay each year. It's significant.
- gozur88 10y agoThat's because this is a time of historically low interest rates. If rates were 12%, like they were when I got out of school, you'd definitely notice.