Should I Buy a House or Should I Rent a House?

Make a note of where you're at in the mortgage ametization schedule. This will help you with your planning. Remember, all of your payments in those first few years are going to interest. So it's really no more than a rental expense. Are they deductable interest payments? They might be. But it's a very different scenario to say, i'm in to buy a house on in live there for 30 years,. versus im in to buying a house and im live there for three years.