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You definitely don't need a house. The incremental cost of owning and maintaining a home vs. renting will more than offset any tax benefit of owning the house. In texas, our property taxes alone are over 3% of the tax assessment. As you also know, Texas real estate never really appreciate like in some other areas so you will be able to buy one down the road for a reasonable amount. Alson, it means that if your house does not appreciate by the 3% + interest you pay on the loan+ maintenance cost you will build zero equity. Just my two cents.
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