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> Since the tax-deductible nature of mortgages also applies to your landlord Not usually true. Investment properties are not subject to mortgage interest tax d
by function_seven 15y ago
> Since the tax-deductible nature of mortgages also applies to your landlord
Not usually true. Investment properties are not subject to mortgage interest tax deductions. http://en.wikipedia.org/wiki/Home_mortgage_interest_deduction#United_States http://en.wikipedia.org/wiki/Home_mortgage_interest_deductio...
- cma 15y agoThey are deductible by another means (business expense). But you pay rent in after tax dollars. Imagine having a neighbor with and identical house--you both agree to swap and rent to each other. You would be worse off than sticking with your mortgage (if you rent to each other for $0, it works out the same as the homeowner deduction).