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

To: neolib who wrote (263620)7/23/2010 6:05:43 PM
From: Roads EndRespond to of 306849
 
I'm talking about TEFRA, 1982, long before HELOCs as we know them today. Until then all interest was deductible, even interest on credit card debt. Allowing mortgage interest deductibility to continue is just one element that allowed housing prices to soar outstripping most asset classes.



To: neolib who wrote (263620)7/23/2010 6:47:47 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
It also saved money by not having to have full coverage insurance on your HELOC full-purchase-price vehicle. Just the minimum required by law, unless you wanted to go naked. Adds up to quite a sum over five years..


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