When you rent, you are throwing away the money every month. When you own a house, a part of your monthly payment goes to increase your equity in the house, and the other part is the interest. But you are not throwing away the money you pay for the interest either - you get to deduct it from your taxable income. You also get to deduct the real estate property taxes. You pay less taxes when you own a house, than if you rent one.
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