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re: property about to collapse (not the markets) Sabre:1. In the...

  1. 6,389 Posts.
    re: property about to collapse (not the markets) Sabre:

    1. In the US, interest on mortgages used to a principal residence are only deductible up to a level of $1.1 million.

    2. With the lower tax rates in the US, if you are in the 30% bracket, it still means that you are only getting 30 cents on the dollar as a tax break.

 
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