2 ms·
In the US, the interest is tax deductible, so if you have earnings to match against that, the effective interest rate to the buyer is only 2/3rds of the nominal
by ericb 16y ago
In the US, the interest is tax deductible, so if you have earnings to match against that, the effective interest rate to the buyer is only 2/3rds of the nominal rate on the mortgage.
- ultrasaurus 16y agoSo then wouldn't the buy/rent decision depend on your income tax rate?