[Izkata]

> I don't really buy this argument that you can rent and pay $1000/month, or you can buy an equivalent home and pay $1000/month, but now you can deduct interest rate and build equity.

Back in 2013 I was renting an apartment for $1600/month, but my dad made me do the math and I ended up buying a condo about 10 minutes walk away, larger and far higher quality everything and the mortgage was only around $800/month. Even with the monthly assessment fee (for the management company to handle the property and facilities) it was lower than what I was renting for. Just had to get over the down-payment hump.