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re: Mortgage interest deduction what am I missing

Posted on 3/17/17 at 3:29 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37168 posts
Posted on 3/17/17 at 3:29 pm to
If you bought your house since 2008 and you don't have a huge house... unless you pay a ton of taxes or you give away a lot of money... you won't get much benefit at all of the interest deduction.

Chaps my rear every time one of the loser real estate agents goes on and on about how an interest deduction is why you should buy.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/17/17 at 7:24 pm to
quote:

If you bought your house since 2008 and you don't have a huge house... unless you pay a ton of taxes or you give away a lot of money... you won't get much benefit at all of the interest deduction.


Or live in a high-cost area like DC, NY, SF, etc.
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