MrSteve"to rent a house worth $280K costs $1K a monthto pay...

MrSteve

"to rent a house worth $280K costs $1K a month

to pay interest on a $280K loan costs $1,600 a month

thats $600 better off or $7K P.A to rent."

You are looking at it through renters eyes, you say it will cost you only $1000 a month, but I say it will only cost me $600 a month to own and lease it, aswell as have the benefits of capital gains.....