Quote:
Originally Posted by tvbound
With respect, you've forgotten or ignored the rest of my post. The deduction against potential income is simply an additional part of the equation, with the difference in actualized returns on investments outweighing the mortgage interest, being the primary reason. Pure math and logic, no "behavioral emotional response" involved
|
I believe that your post said "If I give in to the current requests for consulting piling up, the mortgage will help write-off the additional income." That statement is the one to which I was responding, and to which the common knowledge fails. My argument versus this statement still stands.
However, what you are stating now is that this statement isn't the primary reason, but an incorrect common knowledge argument to support your primary reasoning, which is that the current investment of the principal is greater than the interest rate of the mortgage, which is an income maximization position.
To that I have no disagreement
to the statement that an interest payment offsets income is a behavioral bias as stated is still valid, its a tax minimization strategy inferior to an income maximization strategy.