Does it make sense for first time home buyer to pay all cash?

[Gariner Trinidad]

As we all know we live in this society where debt is encouraged and rewarded than people paying down things all at once. We all know the incentives to keep this ponzi scheme, of the debt bloated fiat system that is not sustainable, going. The tax incentives for first time home buyers to help with deductions of mortgage interests and so on if you decide to get a mortgage and wait up to 30 years to finally own your home which by then you are probably in your 60s.

Anyways down to the real question here.
For a first time home buyer trying to purchase primary residence home, does it makes sense for me to buy the house all cash if i can afford to do it? Like i mentioned about the tax benefits for those that take mortgage and pay off loan over several years..are there incentives or benefits for first time home buyers that are able to stay debt free and buy their houses all at once? 

Can i also get some deductions off paying off the house and spread over several years as doing such is no easy task. Open to all your advice and hints and tricks here.

Lets say price of house is like $400k here in New Jersey state.

Thanks

[Bjorn Ahlblad]

@Gariner Trinidad for me it would depend on my goals and what else the money could be used for............a 400k home will cost you almost one million at around 4% interest rate. If you can have that money make more by investing it elsewhere then you are coming out ahead. Talk it over with an accountant or FP and see what aligns best with your goals.