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too_priceytoday at 5:03 PM1 replyview on HN

They also neglect the Mortage Interest Tax Deduction and State and Local Tax Deductions, whcih reduce the cost of both by your marginal tax rate, and is a big benefit towards owning.

More importantly, this neglects that buying a home is locking in the price for the long term for the majority of your housing cost. Buying usually is similar all in the first year, but after 5 years your mortage payment is the same while rent has probably gone up significantly.


Replies

zeroonetwothreetoday at 6:40 PM

Not everyone benefits since many people take the standard deduction.