I am at a point where I am contemplating buying instead of renting. The problem is I only pay $375 a month in rent (I have a roommate). I am single and do not need the space. I know there are higher fixed costs associated with a home over an apartment (i.e. property taxes, higher electric, gas, water and more). And I hear all the time about how much of a tax break it is, since you can deduct it off your taxes. The problem people don't realized is that they are still paying so much in interest.
at what $ amount is it better to buy then rent? (calculations are prefered)
