Reply To: Home: Own or Rent?

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#750064
ronrsr
Member

dear popa, don’t be lured by that propaganda, either. The subsidy only covers less than 1/3 the cost of the loan, you’re still paying out the other 2/3 or more from your pocket. If you run the figures, you will see that the CURRENT income tax situation favors homeowners, but you must adjust the costs to find the true cost, not make bad decisions because of the deduction.