Talk:Home mortgage interest deduction

message: I've heard that Australia allows a deduction on the initial down payment but not the interest.  In effect subsidizing the saving but not the borrowing.  Which is not a very POV way to put it I'll admit but I can't find a site.  —Preceding unsigned comment added by 205.153.36.171 (talk) 15:14, 30 September 2008 (UTC)
thread_title: Untitled

message: I removed the term "huge" regarding the tax advantage.  It seemed POV and relative.  I recently read a Tax Policy article here that states the MID does not have a substantial impact on homeownership and linked to  why the mortgage interest deduction is bad tax policy (see toward the bottom of the article).  Perhaps some of this can be included. Morphh  (talk) 17:33, 02 January 2008 (UTC)
replies: text: Yeah, my understanding is that academics and tax experts hate this deduction (unless the country taxes imputed income on home ownership), and there are plenty of sources to back this up.  I'll be adding stuff about this.  Fireplace (talk) 21:21, 3 January 2008 (UTC)
replies: text: Actually though they hate this deduction, it is the second most hated tax distortion from ideal income taxation; the biggest distortion is the exclusion from the tax base of the imputed rental income on owner occupied residential realty. Hammer of the year (talk) 03:37, 30 December 2008 (UTC)
thread_title: Tax advantage

message: The article that all interest payments can be deducted completely. This is untrue. In the Netherlands there is what is called the 'eigenwoningforfait'. The tax authorities reckon that if you didn't own a house you would have to pay rent. Because you own the house and can deduct the interest, they consider this an advantage and count it as income. For houses valued at € 75,000 and up, 0.55% of the value (with a maximum of € 9,300) is considered income. From January 2009, there is no maximum.
Further, the article states that the deduction reduces the real interest to zero or less. The maximum tax rate in the Netherlands is 52%. Even at the highest income, the interest will only be reduced by 52%.
The statement that due to this effect the prices of homes in the Netherlands will continue to rise forever is purely an opinion. In fact housing prices in the Netherlands appear to be currently on the decline.  —Preceding unsigned comment added by Pingu232 (talk • contribs) 18:09, 16 February 2009 (UTC)
thread_title: Netherlands

message: There was a line about how home equity in Canada was much higher than in the US in 2008.  Likely true: Canadian home prices were booming and US prices crashing at the time.  What this has to do with tax policy is unclear, so I've removed the statement.Bhudson (talk) 04:06, 3 October 2012 (UTC)
thread_title:  Home equity Canada/US 

message: Hello fellow Wikipedians,
I have just added archive links to  on Home mortgage interest deduction. Please take a moment to review my edit. If necessary, add  after the link to keep me from modifying it. Alternatively, you can add  to keep me off the page altogether. I made the following changes:
*Added archive https://web.archive.org/20090401050427/http://belastingdienst.nl:80/variabel/buitenland/en/private_taxpayers/private_taxpayers-12.html to http://www.belastingdienst.nl/variabel/buitenland/en/private_taxpayers/private_taxpayers-12.html
*Added archive https://web.archive.org/20090417022804/http://belastingdienst.nl:80/variabel/buitenland/en/private_taxpayers/private_taxpayers-10.html to http://www.belastingdienst.nl/variabel/buitenland/en/private_taxpayers/private_taxpayers-10.html
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thread_title:  External links modified