dimelab dimelab: shrinking the gap between talk and action.

mortgage interest Topic in The Credit Debacle Catalog

mortgage interest deduction (1).

Fri 2009-02-20 00:00 EST

FT.com | Willem Buiter's Maverecon | Home loans in the US: the biggest racket since Al Capone?

Buiter urges end the deductibility of mortgage interest in the personal income tax, close down Fannie and Freddie and end the role of the US government in the provision of residential mortgages

biggest racket; Capone; com; FT; home Loans; Willem Buiter's Maverecon.

Thu 2009-01-15 00:00 EST

Calculated Risk: Real Estate and Tax Advantages

``Yes, there is a mortgage interest deduction, and a capital gains exclusion for a primary residence - but there is also a property tax for real estate. This is a tax disadvantage compared to stocks and bonds.''

Calculated Risk; real estate; tax-advantaged.