3 ms·
> assuming rent expenses = the cost of interest But you cannot make even this simple assumption because rent is not tax deductible but mortgage interest usuall
by jb1991 2y ago
> assuming rent expenses = the cost of interest
But you cannot make even this simple assumption because rent is not tax deductible but mortgage interest usually is.
- Panzer04 2y agoDepends on the country I guess. Mortgage interest in AU is not tax deductible unless it's an investment (ie. owner-occupiers don't get a deduction). Consumption is not generally tax deductible, was my understanding (and living in a house is basically consumption)
- jb1991 2y agoUSA and many European countries deduct mortgage interest from income tax.