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Smooth_Imagination t1_itjdt2n wrote

Reply to comment by Massey89 in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins

I think they borrow to buy other properties using other ones as collateral.

But there are individual home owners who have bought a second home to rent out so that the renter essentially is paying off the mortgage.

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Massey89 t1_itll6vb wrote

i was under the impression you get smashed with taxes though on anything after your first home

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