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The mortgage interest deduction doesn't incentivize getting a bigger home. Or even a more expensive home. It does incentivize getting a bigger mortgage. Fran
by hackeraccount 7y ago
The mortgage interest deduction doesn't incentivize getting a bigger home. Or even a more expensive home. It does incentivize getting a bigger mortgage. Frankly you can borrow a lot to buy a place in the city or in the suburbs.
- lordgrenville 7y agoSure, but the more expensive the home, the bigger a mortgage you can take.
- throw0101a 7y ago> It does incentivize getting a bigger mortgage. Most people probably buy the maximum they can "afford" (are approved for).