Particularly the rent - without stable jobs and actual career paths that are rewarding it doesn't make sense to actually buy a house in an area. As if it's possible to afford one near jobs in the first place.
Even if I were to buy a house, most of my mortgage would not be deductible. Only the interest portion of it. None of my home maintenance expenses would be deductible, either. Neither are the ridiculous fees that get paid to the mortgage underwriter, the realtor, etc.
I'd love to only be taxed on 'profit' - the money that goes into my savings account, after deducting living and transportation expenses. [1]
[1] Actually, if everyone were taxed on profit, my tax burden would proportionately go up. It would be a fairer system of taxation, though.
