That is exactly my point. There is an opportunity cost in keeping a large deposit (lost interest/investment opportunities). However that opportunity earn a certain APY in order to be a better "investment" than the housing deposit (a penny saved is a penny earned):

- $10,000 additional deposit reduces monthly rent by $50.

- 50 * 12 = 600

- 600/10,000 = 6%

The monthly rent reduction used to be $100 per $10,000. So it used to be 12%. I guess the break-even point is 6%, now...

Concrete example: I could reduce the deposit from $90,000 to $10,000. But then my rent would go from $0/month to $400/month. So by keeping a large deposit, I save $4800/year in rent.

What do you additionally save by not paying taxes on the income that you would have used to pay rent?

True~ the "pennies saved" are earned, but not taxed.

I did not consider that!

11.25% is the imputed value of $0 rent after down payment.

in crypto 12% is quite low.