[smshorttimer]

[quote=asianautica]CardiffBaseball, I think it’s pretty safe to say tax benefit cancel out the tax you have to pay. I ran many loan amortization calculation and that’s my conclusion as well. That’s why I usually just ignore tax benefit and property tax and just concentrate on PI vs rent.[/quote]

Not if you are in a lower tax bracket, such as 15%. Our last place, we paid $280-$290 monthly for PT; no way did our mortgage interest/PT deductions cancel all that out. More like little more than half.

+ there’s hazard insurance (which is more than renter’s insurance) and HOAs (if applicable).

My most recent calculation – using Microsoft Money – estimated tax savings of about $160 a month if we were to acquire a mortgage in our price range of mid to uppermid 200s)

[smshorttimer]

[quote=asianautica]CardiffBaseball, I think it’s pretty safe to say tax benefit cancel out the tax you have to pay. I ran many loan amortization calculation and that’s my conclusion as well. That’s why I usually just ignore tax benefit and property tax and just concentrate on PI vs rent.[/quote]

Not if you are in a lower tax bracket, such as 15%. Our last place, we paid $280-$290 monthly for PT; no way did our mortgage interest/PT deductions cancel all that out. More like little more than half.

+ there’s hazard insurance (which is more than renter’s insurance) and HOAs (if applicable).

My most recent calculation – using Microsoft Money – estimated tax savings of about $160 a month if we were to acquire a mortgage in our price range of mid to uppermid 200s)

[smshorttimer]

[quote=asianautica]CardiffBaseball, I think it’s pretty safe to say tax benefit cancel out the tax you have to pay. I ran many loan amortization calculation and that’s my conclusion as well. That’s why I usually just ignore tax benefit and property tax and just concentrate on PI vs rent.[/quote]

Not if you are in a lower tax bracket, such as 15%. Our last place, we paid $280-$290 monthly for PT; no way did our mortgage interest/PT deductions cancel all that out. More like little more than half.

+ there’s hazard insurance (which is more than renter’s insurance) and HOAs (if applicable).

My most recent calculation – using Microsoft Money – estimated tax savings of about $160 a month if we were to acquire a mortgage in our price range of mid to uppermid 200s)

[smshorttimer]

[quote=asianautica]CardiffBaseball, I think it’s pretty safe to say tax benefit cancel out the tax you have to pay. I ran many loan amortization calculation and that’s my conclusion as well. That’s why I usually just ignore tax benefit and property tax and just concentrate on PI vs rent.[/quote]

Not if you are in a lower tax bracket, such as 15%. Our last place, we paid $280-$290 monthly for PT; no way did our mortgage interest/PT deductions cancel all that out. More like little more than half.

+ there’s hazard insurance (which is more than renter’s insurance) and HOAs (if applicable).

My most recent calculation – using Microsoft Money – estimated tax savings of about $160 a month if we were to acquire a mortgage in our price range of mid to uppermid 200s)

[smshorttimer]

[quote=asianautica]CardiffBaseball, I think it’s pretty safe to say tax benefit cancel out the tax you have to pay. I ran many loan amortization calculation and that’s my conclusion as well. That’s why I usually just ignore tax benefit and property tax and just concentrate on PI vs rent.[/quote]

Not if you are in a lower tax bracket, such as 15%. Our last place, we paid $280-$290 monthly for PT; no way did our mortgage interest/PT deductions cancel all that out. More like little more than half.

+ there’s hazard insurance (which is more than renter’s insurance) and HOAs (if applicable).

My most recent calculation – using Microsoft Money – estimated tax savings of about $160 a month if we were to acquire a mortgage in our price range of mid to uppermid 200s)

[smshorttimer]

Interesting stuff. Thanks for the well-reasoned response. I’ve somehow missed the unemployment rate figures.

[smshorttimer]

Interesting stuff. Thanks for the well-reasoned response. I’ve somehow missed the unemployment rate figures.

[smshorttimer]

Interesting stuff. Thanks for the well-reasoned response. I’ve somehow missed the unemployment rate figures.

[smshorttimer]

Interesting stuff. Thanks for the well-reasoned response. I’ve somehow missed the unemployment rate figures.

[smshorttimer]

Interesting stuff. Thanks for the well-reasoned response. I’ve somehow missed the unemployment rate figures.

[smshorttimer]

First, I want to say I enjoy your posts, but this one brought me out of lurkmode.

[quote=EconProf]MT & WY have: way lower unemployment rates[/quote]

For how long? And what about professional-type careers?

[quote=EconProf]MT & WY have: clean and honest governments[/quote]

You have compelling perspective and experience to back this?

[quote=EconProf]MT & WY have: better schools[/quote]

That’s what expats say about every other place in America, especially the place they moved to. It’s hard to take seriously anymore.

[quote=EconProf]MT & WY have: nature in abundance.
CA has: better weather.[/quote]

Yes, it’s hard to match the majesty of the Tetons but the whole mountains, deserts and beaches thing doesn’t do it for you?

And what’s the median house price in Casper?

[smshorttimer]

First, I want to say I enjoy your posts, but this one brought me out of lurkmode.

[quote=EconProf]MT & WY have: way lower unemployment rates[/quote]

For how long? And what about professional-type careers?

[quote=EconProf]MT & WY have: clean and honest governments[/quote]

You have compelling perspective and experience to back this?

[quote=EconProf]MT & WY have: better schools[/quote]

That’s what expats say about every other place in America, especially the place they moved to. It’s hard to take seriously anymore.

[quote=EconProf]MT & WY have: nature in abundance.
CA has: better weather.[/quote]

Yes, it’s hard to match the majesty of the Tetons but the whole mountains, deserts and beaches thing doesn’t do it for you?

And what’s the median house price in Casper?

[smshorttimer]

First, I want to say I enjoy your posts, but this one brought me out of lurkmode.

[quote=EconProf]MT & WY have: way lower unemployment rates[/quote]

For how long? And what about professional-type careers?

[quote=EconProf]MT & WY have: clean and honest governments[/quote]

You have compelling perspective and experience to back this?

[quote=EconProf]MT & WY have: better schools[/quote]

That’s what expats say about every other place in America, especially the place they moved to. It’s hard to take seriously anymore.

[quote=EconProf]MT & WY have: nature in abundance.
CA has: better weather.[/quote]

Yes, it’s hard to match the majesty of the Tetons but the whole mountains, deserts and beaches thing doesn’t do it for you?

And what’s the median house price in Casper?

[smshorttimer]

First, I want to say I enjoy your posts, but this one brought me out of lurkmode.

[quote=EconProf]MT & WY have: way lower unemployment rates[/quote]

For how long? And what about professional-type careers?

[quote=EconProf]MT & WY have: clean and honest governments[/quote]

You have compelling perspective and experience to back this?

[quote=EconProf]MT & WY have: better schools[/quote]

That’s what expats say about every other place in America, especially the place they moved to. It’s hard to take seriously anymore.

[quote=EconProf]MT & WY have: nature in abundance.
CA has: better weather.[/quote]

Yes, it’s hard to match the majesty of the Tetons but the whole mountains, deserts and beaches thing doesn’t do it for you?

And what’s the median house price in Casper?

[smshorttimer]

First, I want to say I enjoy your posts, but this one brought me out of lurkmode.

[quote=EconProf]MT & WY have: way lower unemployment rates[/quote]

For how long? And what about professional-type careers?

[quote=EconProf]MT & WY have: clean and honest governments[/quote]

You have compelling perspective and experience to back this?

[quote=EconProf]MT & WY have: better schools[/quote]

That’s what expats say about every other place in America, especially the place they moved to. It’s hard to take seriously anymore.

[quote=EconProf]MT & WY have: nature in abundance.
CA has: better weather.[/quote]

Yes, it’s hard to match the majesty of the Tetons but the whole mountains, deserts and beaches thing doesn’t do it for you?

And what’s the median house price in Casper?

[Author]

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