[The Antiyuppie]

It’s a game that works like this:

You get a deduction from the Feds on the interest on your mortgage that initially just covers the property taxes (which are “conveniently” rolled into the mortgage payment in many states). When you are older (and theoretically can afford it, that tapers off and disappears.

[JRandomFreeper]

What mortgage? Some people don't believe in mortgages.

/johnny

[trebb]

You get a deduction from the Feds on the interest on your mortgage that initially just covers the property taxes (which are “conveniently” rolled into the mortgage payment in many states). When you are older (and theoretically can afford it, that tapers off and disappears.

Depends on where you live - in Mississippi, when you turn 65, your property taxes take a big dive. Ours will be going from 1400/year (still getting original homestead exemptions which take several hundred off it) to about $150/year...

[TexasGator]

“You get a deduction from the Feds on the interest on your mortgage that initially just covers the property taxes “

?

You get deductions for both interest and property taxes.