Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...
If property tax rates are good in the midwest, then yes. Out here in the east (especially NY and NH), they're a nightmare, so it makes more sense to rent. Obviously there's also the caveat that you can itemise property taxes and mortgages (although I think only the interest); assuming $750/month rent and this past tax season's deductions as a single person, you'd lose $3300 federally, $1500 in NYS by taking the standard deduction; you pay more than that in property taxes here.
Originally posted by amherstblackbear
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