2 ms·
I’ll take a cheaper house with higher interest rates (up to a point of course) all things being equal. More equity and interest is deductible.
by cudgy 5y ago
I’ll take a cheaper house with higher interest rates (up to a point of course) all things being equal. More equity and interest is deductible.
- cko 5y agoI'm not sure about the more equity part. You mean you would put down a higher down payment? Because once the house is paid off there would be more equity for the more expensive house.
- seanmcdirmid 5y ago> More equity and interest is deductible. It is much harder to deduct interest these days with the higher standard deduction. Interest deductions on a cheaper house might only a few years unless you have something else going on with your custom deductions. The equity aspect is also questionable. Cheaper markets are cheap for a reason, and while they might hit a growth spurt, it is far from guaranteed. A booming market with high prices might also continue to...boom even more. Anyways, the market is actually efficient, you can't find a loophole that everyone else is missing.