Just a brief analysis...
30 yr mortgage rates run about 3.5%.
Knock a third off of that for the tax deduction.
Then factor in inflation,
and you’re probably making money on the loan.
When you rent, you are just buying the property for
someone else.
“youâre probably making money on the loan.”
Maybe so.
You’re also obligated to make that payment _every_month_ (in some states, one day late and the bank can repossess), and are otherwise beholden to the mortgage lender on assorted issues (remember that was a THICK pile of paperwork signed to get the mortgage).
Basically: if you’re going to play the “make money off the loan” game, make sure you’ve got the price of the house already in savings.