Howard's Business Report: Deductible interest on mortgage paymen - Hawaii News Now - KGMB and KHNL

Howard's Business Report: Deductible interest on mortgage payments

HONOLULU (HawaiiNewsNow) -

A lot of people don't know that interest on mortgage payments is deductible, much like most interest on most borrowing is deductible.

The Economist magazine says this practice, which is common all over the world, subsidizes debt.

It also encourages buying real estate instead of investing in companies that actually create wealth.

Learn more in today's Business Report.

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