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Old 10-07-2010, 03:41 PM
 
Location: Seattle, WA
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^^ This is encouraging! Though I think your tax and especially insurance will be a bit more, and the actual amount you save on actual income taxes from the tax deduction is less significant than you would think. It's not a significant factor, IMO. Still, you probably can't argue that buying is more expensive than renting at this point in time. Just take into account that PITI payments will increase in the coming years, and probably faster than salaries will.

Single family house always rentals tend to be much more expensive than condo rentals even at a similar property value, so for condos it may not yet be advantageous to buy.
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