[quote=esmith]If the house can be rented for 2500, buying does not make sense. If it can be rented for 3500, it’s a toss up.[/quote]
Provided the home doesn’t lose value or gain value.
But the point is not the details of the calculation, but the probably loss due to depreciation of the homes value overwhelms the tax savings very quickly. My numbers could easily be off, doesn’t matter, the probably loss on an 800k home in N County is gonna clobber those tax savings.
