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Old 09-21-2012, 07:32 PM   #19
Brock Brock is offline
Do it.
 
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Join Date: Aug 2000
Location: Larryville
Casino cash: $5000
Quote:
Originally Posted by Rain Man View Post
If the deduction had never existed, I think housing prices would be much lower. So you've still have the pains, but you would've paid 40 percent less for the house, or some such amount, which would in turn save a ton of interest that might be as much or more as the deduction.
You think there's 40 percent profit in building a house? Maybe in some places where things are artificially more expensive like California. It definitely doesn't hold true here. Gross profit of 20 percent is a vain hope around here.
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