Talk of The Villages Florida - View Single Post - Do Bonds Equal Credit Card Debt?
View Single Post
 
Old 11-05-2020, 08:42 PM
Goldwingnut's Avatar
Goldwingnut Goldwingnut is offline
Platinum member
Join Date: Apr 2014
Location: City of Wildwood
Posts: 1,751
Thanks: 2,675
Thanked 3,881 Times in 802 Posts
Default

Quote:
Originally Posted by KEVIN & JOSIE View Post
Is there a reason the bonds are separate from the house cost? At least if you had a mortgage it would be deductible.
Being "tax deductible" is a story the banks like to tell you, so you'll pay them $10,000 in interest each year just so you don't pay the government $1,000 in taxes each year. While I think the banks are smarter with their money than the politicians are with our money, I'll still take the lesser amount.
__________________
Don Wiley
GoldWingNut (a motorcycle enthusiast not a gilded fastener)
A student of The Villages, its history and its future.
City of Wildwood
www.goldwingnut.com
YouTube –YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions
Carpe diem quam minimum credula postero
Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776