You are currently renting a house for $17,000 a year and you also have an option to buy it for $300,000. Maintenance and property taxes are $5,040 per year and these costs are included in your rent.Property taxes ($3,360 of the $5,040) are deductible for income tax purposes. Your tax rate is 40%. The real after-tax rate is 3.1% per year. Should you rent or buy? What is the break-even rent?