[lbo-talk] buy v rent/ tax break?

[shag carpet bomb]

OK. So, I'm in the market to buy. What is this deal where I supposedly make 
back a little money at tax time. In other words, what I've heard is that, 
if my current rent is $2000/month then with the supposed tax break, if I 
have a mortgage that is $2000/month, I'm actually paying less per month 
because of the tax deduction knocking me into a lower tax bracket.

does anyone know what I'm talking about? Is it really an advantage? I guess 
it would depend on your income and tax bracket, no?

thanks

shag

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