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I don't live in the US. Plenty of places have some form of mortgage fiscal stimulus. Even without the fiscal advantage, I would still be making money on this.
by markvdb 5y ago
I don't live in the US. Plenty of places have some form of mortgage fiscal stimulus. Even without the fiscal advantage, I would still be making money on this.
- lotsofpulp 5y agoMy bad. I did not know anywhere else offered mortgage incentives. Chalked tax deduction up to being uniquely US way of implementing regressive taxes.
- disgruntledphd2 5y ago> see my 1.22% 20 years fixed mortgage melt away Wow, if you don't live in the US, where are you getting a 20 year fixed rate? Honestly just curious as I thought those were really only a US thing.
- markvdb 5y agoThe mortgage is in Belgium. Friends have even lower fixed rates. Some others have negative interest rates on their adjustable ones. Their bank literally pays them.
- disgruntledphd2 5y agoWow, I'd heard about that but it seems so alien to me here in ireland (we get at best 2% ten year fixed, and that's only under certain circumstances). Mind you, it's literally impossible to get evicted from your primary home here, which is presumably what drives the differences.
- tekknik 5y ago> Their bank literally pays them. How does this work? Do they get a free house and a check cut monthly? Or is the mortgage cheaper than what it would have been?