Re:New Cities
by naveen99 on Monday June 27, 2016 @04:51PM
(#11989369)
To list a few of the advantages of home ownership:
1. tax write off on interest. But with interest rates low, that is not as usefull as it has been in the past.
2. A few states such as texas, have some additional asset protection on your primary residence in case of bankrupcy
3. homstead exemption on property tax (approximately first $100,000 property value), varies by county.
4. property tax freeze above age 65.
5. some capital gains exemptions for primary residence.
but a store of value is a store of value. Would you be ok with people buying treasury bonds as a store of value ? Or would you incentivise higher risk investments, how ?
Also, private schools, golf and tennis clubs also price out a lot of people. Not too different from zoning restrictions.
1. tax write off on interest. But with interest rates low, that is not as usefull as it has been in the past.
2. A few states such as texas, have some additional asset protection on your primary residence in case of bankrupcy
3. homstead exemption on property tax (approximately first $100,000 property value), varies by county.
4. property tax freeze above age 65.
5. some capital gains exemptions for primary residence.
but a store of value is a store of value. Would you be ok with people buying treasury bonds as a store of value ? Or would you incentivise higher risk investments, how ?
Also, private schools, golf and tennis clubs also price out a lot of people. Not too different from zoning restrictions.