Owning vs. renting in light of new tax law

[Chris Eidson]

In light of the new tax law, fewer and fewer will be itemizing.  Therefore, the traditional tax breaks for the primary residence are a moot point (i.e. property taxes, mortgage interest, etc.).

It makes me think that I should consider selling my primary residence, especially since the appreciation has been great over the last few years and simply rent.  Using the equity to purchase investment properties and/or do flips.

What do you think?

[Dennis M.]

That’s a personal decision only you can make .for many owning their home is deeply personal and emotional matter ( myself included)  I know I surely wouldn’t sell my families home simply because I can’t get a tax incentive on it or other houses went up in value around me . There are other ways to get ahead in my view