1. Claiming MR as part of the property tax is like speeding, technically illegal but everyone does it. Still, there’s a real risk and repercussion of getting caught.
2. Just because MR is tax deductible doesn’t mean that it’s fully offset. I believe most middle class family will still end up paying 50% – 60%, after tax deduction. For a home with MR of $4,000+, combining with HOA of $85 – $250 per month, that’s still a lot.
SEH is a middle class community, and a very attractive one, I must say. If/when an average single family house (2,000 – 2,500 sq.ft.) in good condition falls to less than $400K in SEH, it would be a worthy purchase, offsetting the high MR and/or HOA.
