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do other countries have the equivalent of australia's negative gearing?
user
in india, where i live, you can: in addition, housing loans are given priority status as well - bank capital requirements on housing loans is lower than for, say, a corporate loan or a loan against other kinds of collateral. that makes housing loans cheaper as well - you get a home loan at around 10% in india versus 15% against most other assets, and since you can deduct it against tax, the effective interest rate is even lower.  housing in india is unaffordable too, if you're wondering. in a suburb 40 km away from delhi, a 2000 sq. foot apartment, about 1500 sq. ft. of carpet area, with no appliances costs about usd 250,000.
assistant