Downside up

  By Mystic | August 22, 2012 - 11:55 |

Audio -

11:29 min.

Written by: Mystic on August 22, 2012.
Pages: 1 2
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  • Ivo

    Hy Nick,
    I am dutch: Mortgage interest is deductible on youre income in the Netherlands. So this is why housing prices and mortgages are so sky high over here.
    I have an equal amount of money on the bank as i have on mortgage debt but i wont pay it back because of the fiscal situation. If i pay back my loan my house will be seen as assets for the IRS.
    I have then too pay net income on property taxes where now my interest on debt can be deducted from my income. Its a world flipped over were debt is wanted by the government.
    In the Netherlands you should look at net debt instead of looking purely at graphs.