Dutch householders are given very generous taxbreaks on the mortgage of their place of residence. That involves a direct deduction of the interest on their mortgage from their income . Thereafter a deemed income is added back. On 400,000 euro loan the addback is 2400euro. Most generous concession in the world apparently. Encourages debt , slower paydown of debt.
So the pertinent question is ? W h a t i s t h e r e l e v a n c e o f t h i s a r t i c l e ?
