Private homes are paid for by already taxed Money and NOTHING deductible. To retrospectively change the rules would not be taxing. it would be Confiscation of an asset by deception as a lot of it's VALUE is because of Inflation, with No deductions for ANYTHING Interest rates, council rates, repairs. insurance along the way. How unfair would that Be? . Over long periods of time the dwelling becomes valueless and only the Land makes it worth anything, Many Houses just get pushed over. An empty lot would be worth More. It costs Money to demolish and tidy up.. When you rent, you know exactly what it will cost you. If the neighbours are from Hell you can Just Move without Paying crazy amounts of Money . If you are the kind of Person that Moves a lot, Owning a House is the One thing you Might consider NOT doing. They can tie you down and absorb all your spare cash.. Most are Now on tiny Blocks where there is Nothing but the House and car garage. You can't fit between the walls of your Place and next door. Ticky Tacky little boxes all in a row.. How depressing. Nev