Comment by t_mann

7 days ago

Would renting it out be an option?

It would be difficult. Mortgage interest is deductible from your taxes (up to a point), but only if it is your primary home. If we moved, we would have to pay a lot more in taxes.

The mortgage tax deduction is another thing that drives up home prices.

  • Rentals don't have deductible interest but have depreciation, which can be even better.