Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (263588)	7/23/2010 3:26:23 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

The good of the country comes first.

To: bentway who wrote (263588)	7/23/2010 3:31:46 PM
From: alanrs	Respond to of 306849

I've bought (and paid for) five houses/condos and never used the deduction. Figured it was just an enticement to buy something I couldn't afford and keep me in debt longer. I think the longest I had a single mortgage was 5 years right in the beginning, it was an adjustable 5/25 starting at 3 3/8% (lucked into the absolute bottom of that credit cycle). I did carry other mortgages 2-3 years along the way. I know a mortgage is theoretically a good way to leverage a housing investment but I always looked at a house as a place to live and rolled the equity from one to the next. ARS