He has a point. I learned this the hard way when I looked at the amortization tables when i bought my first house, it still stings when I think about it. That

He has a point. I learned this the hard way when I looked at the amortization tables when i bought my first house, it still stings when I think about it. That said, mortgage interest is tax deductible, which lead to a decent refund this year. So assuming you’re not withholding income at your effective tax rate (but the usual 25-30%) you’ll get a fair amount of it back, which I don’t believe you would if you rent. So yes, mortgages are throwing away money as well (less equity and reduction in tax liability)