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Originally Posted by KRosh
Well .. I don't know where you get your information. i own a house in Seattle outright, and I own one in Los Angeles. The home in LA gets me the tax dedutions that lower my taxes down to nearly nothing. owning your hoe out right does no have ANY tax advantage. Plus the money is not working for you. Why sit on all that money when you acn invest and make more?
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SO anywhere from 25-40% of the interest you paid for your LA home could've paid your tax bill saving you 60-75% a year. And thats if you didnt figure out a way to shelter that money elsewhere.