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1
HydroCabron
2016 Apr 14, 10:00am
HydroCabron
2016 Apr 14, 10:00am
DieBankOfAmericaPhukkingDie says
You still come out ahead holding for a month, doubling the home's value and flipping it for instant DYNASTIC WEALTH!
Living in Stockton has distorted your expectations. Out in the rest of the world it's only 40% per year.
2
casandra
2016 Apr 14, 10:26am
casandra
2016 Apr 14, 10:26am
People always talk about the tax breaks of home ownership ( i am guilty of owning several ) and I tell them; then why are you searching for the lowest interest rate? The higher interest rate you pay the more you will save !!!
http://realestateconsulting.com/homeownership-no-longer-tax-savings/
De facto mortgage deductibility has already been largely eliminated at least in flyover territory and even high income buyers eat the first 12,600 of home expenses because of duplication of deductions up to 12,600. Home values in high property tax areas get hammered because no tax benefits up to 12,600, and this high prop tax effect is even more painful in high tax rate states.