The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (56117)	6/15/2006 10:42:54 AM
From: Live2Sail	Read Replies (2) of 306849

"Over the life of a mortgage, the principle due decreases, and hence the interest and associated deduction drop. This doesn't seem to affect house prices." Chancels, You have to remember that people are turning over their houses and refinancing frequently, so they benefit from that mortgage deduction at the cost of never coming close to owning their home. My guess is that it had a fair effect on home prices. My friends talked about buying a house for tax reasons, and I have heard of accountants saying their clients should buy a house to escape taxes. As we know, policy matters! Ugh. L2S

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