So I guess given ones’ allocation of available money, one would divert as much money to the primary to pay it off early, or at least to the point where your mortgage interest deduction starts to phase out and soak your rentals with as much debt as possible, were you can still write off things as an expense?
I don’t think this tax hit to salaried upper income people would have made the much more of a difference under a blue president and congress. When people talk about taxes reform, that always mean taxing high salaried folks more, not really the wealthy.
Fortunately, no mortgage for me and with my current gig I get paid a heck of a lot of doing a lot less work than before, since now I “manage” lol.
It’s a little funny the direction we are headed feels like America’s version of China’s Cultural Revolution where the well educated, financially sound people in this country take a huge back seat to the dipshits in this country. If I wasnt so relaxed as I head into my older years of not really giving a shit, I wouldn’t be laughing at the irony. I would be crying. Feel sorry for all the young generation that will be a lost generation. Meanwhile, China and Taiwan now recognize dual citizenship, so I have more options now.lol…. just kidding…sort of.
It’s also funny somestill think magically home prices will crash 50%+ and and be able to take advantage when at the same time be subject to the 35% tax rate that would be needed to be able to afford said still expensive coastal property… Check the financial pecking order….I have a feeling on that ladder, folks aren’t at the top steps as one thinks…..
