re: Please, won't someone think of the Marin County mansion owners

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I work with an engineer who earns probably $150k a year. His wife doesn't work. He lives in NYC. His house has no yard, a single car garage and only 1300 square feet. Value is $765,000

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So he won’t be able to deduct interest on $15,000 worth of his $765,000 mortgage? I doubt that will affect him much.