Tag: housing

Written by Rohit

House prices and behavioral bias

What is about the rising house price of your personal residence (where you live) that appeals to us? I have never understood this bias. Once you are in your house and all settled in, shouldn’t its market value on the upside be irrelevant? Its not like you can sell the house immediately and capture the […]

Written by Rohit

Buying a house? Don’t fall for the myths

Myth 1: Interest and taxes are deductible. You are getting paid by the government to own a house Lets walk through an example. You make $100K a year. Pay $6K in real estate taxes and $10K in mortgage interest. There are two types of deductions available when you file your tax returns, a standard deduction […]