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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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August 30, 2007

The Real Estate Adviser: Don't fall for the illusion of home tax deduction

By TOM KELLY
Special to the Journal

The roller-coaster ride provided by the sub-prime fallout has brought the “pay-it-off sooner” idea back to the front burner for many homeowners.

Baby boomers and older GenXers, who took out home equity loans to help finance toys and trinkets ranging from second homes to supposedly high flying stocks, have begun to understand that there is little extra cash in which to pad the nest egg when they are still making huge home mortgage payments.


 
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