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Originally Posted by randallscott35
Wrong, even considering mortgage deductions it doesn't change the principal. And yes you can use your rent amount if the % is a certain amount.
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Your rent can go up and will go up with inflation.
Your mortgage payment will stay the same for thirty years on money borrowed at 4.5%.
If a mortgage payment and rent payment were equal twenty years ago for the same property in manhattan, buying it would have been a better investment.