both interest and property tax are tax deductible.  It depends on your tax bracket and Texas state income tax rate (i remember texas has 0 state income tax, right?)

i think in your case your deductible interest+property tax maybe less than the standard deduction, so you will not gain much benefit from tax deduction.

not sure where you live in texas, if you do not see housing appreciation in your area, then it is better off renting.  and are you only getting a 2 brdm house with 150k?

[此贴子已经被作者于2006-11-14 14:25:24编辑过]