OCHN: Homeowners deduct cheap consumer debt interest while renters pay higher rates

Homeowners convert consumer debt into tax-deductible debt through home equity lines of credit. Since this debt is secured by real estate, homeowners also pay much less for it.

 

HELOCs are making a comeback! This is great news for Ponzis who want free money from stupid lenders, but it’s a... at Homeowners deduct cheap consumer debt interest while renters pay higher rates

 

 

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