Home Ownership: Hazardous to Financial Health?

{ Posted on Apr 28 2009 by Minyanville }
It will never be politically viable to say it. It will never be economically possible to do it. Nor would it even be fair to change this rule especially as we're making up far too many rules as we go along. But one of the causes of our financial crisis is that cornerstone of the American dream: the tax-deductibility of home-mortgage interest. It's not for nothing that they don’t have it in Canada and the Canadian banks -- TD (TD) Bank of Montreal (BMO) RBC (RY) and ScotiaBank (BNS) -- have pretty much avoided our mess. If you want ...

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