In my understanding, question itself is wrong. Investing and spending are different. So any investment irrespective of tax benefits, is advantageous for you as you grow your wealth. Tax benefits that you receive should be considered as a bonus, which you probably get for 5 years assuming you close the loan after that.
Myself
Thursday, June 4, 2015
How useful is a second home loan in terms of tax benefit?
In my understanding, question itself is wrong. Investing and spending are different. So any investment irrespective of tax benefits, is advantageous for you as you grow your wealth. Tax benefits that you receive should be considered as a bonus, which you probably get for 5 years assuming you close the loan after that.
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