and both seem able to justify their particular choice. Michael thinks
that the tax advantages are a very good reason for buying. Jonathan,
however,believes that cash flow is so much better when renting. See whether you can help them
the tax advantaged of being a homeowner is more attractive because you can deduce mortage intereste and property taxes. The IRS will not penalized you on your "capital gain tax" or profits you make from your home. If you make the first $250,000, then you will not be taxed on it. Cash flows is better when renting ,but you will not have tax breaks and you will not earned the equity.
Jan 4th, 2015
Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.