A primer for those considering whether to buy or rent a house. Use a pencil, paper and calculator to make some notations.
Comparing costs, including that of a mortgage are obvious. What most folks overlook is the actual savings on mortgage and allied deductions.
They forget the amount of the standard deductions they thereby must rescind when they itemize deductions such as mortgages.
The best way to figure the economic advantages of home ownership is to figure taxes both ways-- if you own the home or merely rent.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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