Don't forget you have a $25,000 homestead exemption and all taxes are deductable. Take out a home equity line of credit and pay off other nondeductable interest charges - the home equity line of credit is variable - the interest is deductable and interest rates are dropping again. When you sell you have a $1.2M exemption against capital gains. Just don't buy more house than you really need or you'll be stuck and never be able to buy equities - where the serious money is made.
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