Quote:
Originally Posted by saversaba08
Thanks everyone for the quick responses.
We were looking at the tax angle because tax savings is often touted as the single largest adv homeowners have over renters.
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Well, it's true, but it really is more to help the people who live in more expensive areas, etc. In your case, it won't make much difference. But if you lived somewhere expensive it would encourage you to buy a home rather than rent. (Whereas maybe there wouldn't be much incentive otherwise).
I guess it should be touted as tax savings for more expensive homes.