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In Switzerland you pay tax on the rent you could in theory receive as a landlord minus maintenance cost and mortgage payments. I suspect that this is a far bigg
by DasIch 5y ago
In Switzerland you pay tax on the rent you could in theory receive as a landlord minus maintenance cost and mortgage payments. I suspect that this is a far bigger contributor to infinite duration mortgages than the bond market.
- ComputerGuru 5y agoI upvoted you for adding context, but I have a question: minus mortgage payments or minus the interest on mortgage payments? There’s a huge difference.
- llampx 5y agoIn an eternal mortgage you are only paying interest, so interest on the mortgage I believe.
- H8crilA 5y agoAh yes, save a bit on taxes to get the most dangerous form of financing ever available to the general public, leverage up to your eyeballs. A classic, if something goes wrong the government will help us, right? :). And it's not like an ordinary person would a) really understand what such a mortgage is, b) be able to afford the property without using it.
- softveda 5y agoIn Australia for investment properties you can subtract the interest and all cost related to property management from your ordinary salary/wages/rental income