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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (180601)	1/16/2004 3:41:49 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1572507

Tenchusatsu, I believe Jim means the 500K exclusion that can be taken when selling real estate. I didn't pay too much attention to this, until a friend of mine mention an idea that is apparently very popular: put all your money in your house, keep upgrading (buying better houses) when you are close to the limit. You should always upgrade to the highest you can afford, and forget paying down the principal, just pay the minimum principal, and let Uncle Sam subsidize the interest. Thinking about it, it is a scheme that is hard to beat. You get all capital gains tax free, you get subsidy, and you get a nice place to live. Joe