2 ms·
More money in the mortgage principal you theoretically keep when you later downsize housing, but you also will probably spend a good bit more in taxes as well.
by vel0city 2y ago
More money in the mortgage principal you theoretically keep when you later downsize housing, but you also will probably spend a good bit more in taxes as well.
- cloverich 2y agoYes, good to do the calculation properly before making the decision if its motivated primarily by finances; sometimes the outcome can be surprising. Ironically speaking specifically about Portland, you'll pay _less_ in taxes moving to e.g. Washington schools in addition to getting better schools. But I think this is likely a special case.
- vel0city 2y agoYes, I definitely agree, YMMV, tax situations and school district quality vary greatly depending on specifics.