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Amazing that my mortgage payment for an entire house is so much cheaper than the rent of a 2BR apartment today. When we were buying the place, I was nervous that our mortgage was going to be more than what we were paying in rent at the time, but our agent kept telling us that rents keep going up, but the mortgage payment stays the same. Turns out he was absolutely right.
It's kind of embarrassing. I pay less for housing than some of the kids right out of college coming to work here.
So here's a question. Why can't you deduct rent from your income taxes the way you can deduct mortgage interest payments? Seems like the poor get a double whammy there.
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