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

[Miles Jackson]

shag carpet bomb wrote:
> ha! yeah. I'm already in love with it. It's 1920s arts and crafts home 
> that's been beautifully maintained by artists. Arts and crafts built-ins 
> (book case and writing desk), limestone fireplace, heart of pine 
> flooring in bedrooms, original mahogany columns, cross beamed ceiling in 
> the library, diagonal mullioned windows, hot tub and garden retreat. So, 
> I want the house in every other way, the tipping point really is $. 
> Right now, I flush $1800/month down the toilet for rent.
> 
> It turns out that I don't need to pay PMI, so wahoos! The mortgage is 
> less than the rent.

So you could live in a place you love for less than your current rent? 
And you don't need to sell a house to finance this?  Jump on it!  (I'm 
glad to see somebody benefit from the housing slump.)

Miles