I guess for most of the new areas, the MR can be deducted as normal tax, becase we could take the bond (that the MR is going for) as a 30 yr mortgage. How much percetage of it is actually for the inerest instead of the principle for the first 10 years. Since the inertest dominates the earlier years of the payment, it should be largely tax deductible.
In the last 10 yrs of the bond, I believe most of the payment will pay to the principle … BTW that is 20 years later, $3700 at that time might only worth $370 today, and the median home price will be 1.5-2 million …
