Monday, March 17, 2008
i wonder...
we've been renting for 5 years now, and have always wondered how our lives will change once we purchase our first home. had we been in australia, we'd be entitled to a first home owner's grant, which is a good amount of money to furnish the house. it won't, of course, be that big an amount to reduce one's mortgage, but it is very much welcome to anyone. here in switzerland, there is no such benefit from the government, the only advantage would be tax-wise, the amount of payment you make on your mortgage will be deductible from your taxable income, saving you a little more from taxes. i don't have full understanding of mortgages yet, but we are now on the look-out! who knows, maybe in a year or two, we'll be moving in a new home we can call our very own... until then, i'll do my reading about it because of curiousity. :) Labels: sideline |