CDIH

Of course then you have no deductions to take on your taxes. You'll pay taxes on the money you've saved to that point, plus, if it's invested, a tax when you take it out. You can deduct your mortgage interest. Plus, unless you make quite a bit, or live really frugally, it would be tough to rent AND save for a house. By the time you're ready to buy, you would have to buy for cash because you probably wouldn't have enough years left to live to bother with a 30 year mortgage. Not to mention, all the money you just throw away on rent that you could be using to buy down your mortgage on something you OWN. Just my two cents.

good luck with that paperboy...its a great dream to think that, but i think only 1 out of 1000 people could do it

Just thought of one more thing. You can always pay MORE toward your principal, or save on interest by making an extra payment per year. You can do a semi-monthly mortgage where you pay two or more times per month, greatly reducing your interest and years of mortgage payments.