[quote=jpinpb]Not necessarily on this blog, but I can’t count how many times it’s been reiterated to me that I should buy b/c it’s a tax write-off.[/quote]
Exactly. The mortgage interest deduction is one of the main contributors to the housing crisis in my opinion. It was the perfect “excuse” for a lot of people getting mortgages they couldn’t afford. I heard this from plenty of people:
“Yeah, your mortgage might be $500 more than you’re currently paying for rent, but you save it in taxes!”
The fact that they are removing this “excuse” from the equation is a good step in my opinion.
