here in temecula, it would be amost 600 in many areas b/c taxes hit almost 2% in many neighborhoods!! but yet..you re right.
rent vs. buy.
consider rent cost vs. interest payment + taxes – writeoff
you wind up with rent vs net housing payment.
the only hangup is that if you buy and do a normal loan, you are paying down principal..so the actual payment for the hosue will be more as you are doing principal reduction….so cash flow month to month expect to pay a bit more for ahouse…. but if yo want to consider apples toa pples…look at rent vs net cost of mortage interest + taxes.
