See above. The amount is irrelevant. Deducting interest is good. However, you must take into account the costs of amortization, real estate taxes, and the costs

See above. The amount is irrelevant. Deducting interest is good. However, you must take into account the costs of amortization, real estate taxes, and the costs of borrowing money. Check the NYT calculator. Owning wins out in an up market and only after a decade or so. It is much more difficult the absorb the costs of real estate transaction for those not in the top 1%. Rental is a reasonable financial strategy for any income bracket.