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To list a few of the advantages of home ownership: 1. tax write off on interest. But with interest rates low, that is not as usefull as it has been in the pas
by naveen99 10y ago
To list a few of the advantages of home ownership:
1. tax write off on interest. But with interest rates low, that is not as usefull as it has been in the past.
2. A few states such as texas, have some additional asset protection on your primary residence in case of bankrupcy
3. homstead exemption on property tax (approximately first $100,000 property value), varies by county.
4. property tax freeze above age 65.
5. some capital gains exemptions for primary residence.
but a store of value is a store of value. Would you be ok with people buying treasury bonds as a store of value ? Or would you incentivise higher risk investments, how ?
Also, private schools, golf and tennis clubs also price out a lot of people. Not too different from zoning restrictions.