Here's my take. Eventhough you get to write off the interest of the mortgage, interest money spent is money lost. $1000 in interest, in 36% bracket, you only get to write off $360, you've lost $640.In addition to figuring the deduction, you must also look at the opportunity cost of the money that could have been invested. Many people believe that they can earn a total return that is greater than the interest rate they pay.volchris
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