Re:Why has regional income convergence in the U.S. declined?...
by yesiamyourdad on Wednesday July 26, 2017 @03:18PM
(#14859258)
One interesting thing I learned: as a homeowner, your home doesn't depreciate. As a landlord, the home you own is an asset and you take depreciation on it. That's a massive tax benefit.
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Re:Why has regional income convergence in the U.S. declined?...
by sokoloff on Wednesday July 26, 2017 @03:43PM
(#14859519)
> That's a massive tax benefit.
Which is subject to depreciation recapture upon sale, so it's more of an immediate cashflow benefit than a long-term structural benefit. (It can also be seen as a form of "hand-out" to renters, but it's unpopular to complain about that, so few people do as compared to those who object to mortgage interest deduction.)