I am not the only one feeling no sympathy for Tim Geithner’s inability to sell his $1.6 million house in New York. Yesterday, a reader made this comment here. And today, another one adds the following:
The person who wrote to you fails to mention–or does not take into account–the deductibility of the interest he is paying on the loan. In all probability the $27,000 of property tax is also deductible, so the NET cost to Tim is even less. Just FYI.