Quote:
Originally Posted by PiKA2001
No financial incentive to own a house? Umm, I can think of a few reasons why owning is more attractive than renting, especially if you go with a short term (15 yr or less) mortgage. Do people really buy a house just to write off the mortgage interest? I don't think they do. The sin tax was mentioned as an example of a regressive tax that targets the poor. I still believe that a flat tax ISN'T regressive. The fact is, we need major tax reform and just getting money from the Daddy Warbucks of America isn't going to cut it. Ive read that only half of the people who file with the IRS actually have a tax liability, the other half get a full refund +. We can't sustain that. We need to collect more revenue from more Americans.
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I did. I would never buy another house again if it weren't for the tax write-off. Too much trouble to get rid of when I want to move, and too much trouble to take care of. I much prefer to rent. If there is something wrong, I just call my landlord, and he takes care of it. Home ownership is not the end all be all of life.
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