Now you can use — I'm going to
complicate it — but you could use your
home equity
loan to buy rental property, and then you would put that interest expense on the rental property statement, and that would be OK
as long
as you could show those funds were used to purchase that property.
Student
loan debt, flat wages, rising
home prices (making it harder to get into the homeownership game) and rising rents (
complicating the saving process), are delaying milestones such
as marrying and having children - major events in life that often cause young people to buy a
home.