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In America, moving back with family is usually seen as admitting defeat or failure. > And that's not even getting into the tax benefits. If you own a house, y
by theandrewbailey 4y ago
In America, moving back with family is usually seen as admitting defeat or failure.
> And that's not even getting into the tax benefits.
If you own a house, you pay property taxes. That's not a benefit!
If you're referring to the federal income tax mortgage deduction, you get about $1 back on taxes for every $3 paid on mortgage interest. If I had $3, I'd rather pay $1 of taxes and keep the rest, instead of paying it all to a bank and getting $1 back.
- tharne 4y ago> If you own a house, you pay property taxes. That's not a benefit! I've got news for you. If you rent, you still pay property taxes, it just happens to be bundled with your rent. Saying you don't pay property taxes because you rent is like saying you don't pay gas tax because it's included in the price posted at the gas station.