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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (84678)	12/16/2011 11:42:49 PM
From: Cogito Ergo Sum	2 Recommendations Read Replies (3) \| Respond to of 217560

But if you own, rather than rent, you can deduct the property tax from your income tax. Geez how many tax deductions do you guys get ? I thought we were the commies up here LOL We have 30 year mortgages too but 25 is standard and the interest rate is typically guaranteed up to seven years only although in this interest rate environment variable rate is very common ... And you likely know we cannot deduct mortgage interest either.. Amazing our housing market is so much more stable eh ? Maybe it should be tougher to buy a home in the US ? Something tothink about... Often we pay our homes off a lot faster than the amortisation period... as fast as 15 years with various options... so what we miss on easy tax deductions we save in interest... Blackie

To: Ilaine who wrote (84678)	12/17/2011 4:42:24 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217560

hello cb ilaine, the response, and i quote, "Whatever he said about #10 seems to agree with my point so I don't know what his beef is. As for #9, it is not what the rate is doing day by day but sooner or later, the Bernank is going to have to remove the accommodation and the agencies have to discontinue their subsidies. At the moment, the rates are kept low because troubles in euroland is reducing supply of safe fixed income instruments. Even at the current low rates, the real estate market is not responding. Just imagine what mortgage rate would be today if the loans are not guaranteed by the US government and kept low because Bernanke bought them all? That is not only a hurdle to recovery, it is a 20' block wall." given that the author is a made-man at real estate, out, in and out, i shall go with his take, especially in view of your per hindsight and misplaced once-and-still-strong faith on housing over the eon we have known of each other. cheers, tj