No. of Recommendations: 7
Under the TCJA law, interest paid on additional cash out used for investing (or a car, or a vacation or anything else other than improvements and repairs on the property) is not deductible. It used to be that interest on up to $100k in additional cash out was deductible,

I've always seen -- going back to 1970 -- that the tax benefit of being able to deduct mortgage interest as boob bait. Real-estate agents and home buyers coming up with a BS "reason" why the house doesn't cost as much as it really does. So people would buy more house than they could really afford, and this BS reason gave them the phoney answer that they wanted.

Perfect example of confirmation bias --- you look for an answer that you want to hear and disregard the rest.
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