Borrowdale Barron
grand master
Would you consider owning a house as an asset since a house comes with expenses ranging from regular maintenance and property tax each and every year?
Why do some people say house ownership is a liability?
You see, owning a house comes with a constant need for maintenance and that in itself will cost you money depending on how well you look after the house [...]
Okay but where does the satisfaction come from when you have to work almost all your life paying mortgage?
Are there any tax deductions linked to homeownership?
Not really unless if you are trying to refer to home-based businesses and tax deductions?
Does that mean when you run your business while renting you can overpay your tax compared to if you owned a house?
What's the main disadvantage of not claiming tax deductions for your home-based business?