housing makt still in the pits

[dalakhani]

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.

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.