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A comment on In January, there were more real-estate agents than homes for sale in the U.S.. Parent comment

Re:In January, there were more real-estate agents than homes... by microtherion on Monday March 22, 2021 @08:12PM (#26549274)
I've never owned a house in the US, but my understanding is that the interest portion is tax deductible (whereas rent is not), which at the kind of salaries necessary for this housing is likely to make a sizable dent in this payment.

I must admit that I had forgotten how high property taxes in the US can be, though. HOA surely depends a lot on what exactly you'd be buying.

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Re:In January, there were more real-estate agents than homes... by blaser-waffle on Tuesday March 23, 2021 @11:22AM (#26556076)
IIRC that was changed -- the interest payments being deductible -- as part of the Trump tax cut.

The standard deduction was increased for everyone to compensate for it.

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