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BrudLee · 03-29-2005, 09:00 AM

A lot of your urgency to buy should depend upon the property values in your area. I live at the beach, so while everything is expensive, the values have almost no chance of dropping. In fact, in two years, my house has been appraised 35% higher than the purchase price.

With almost all mortgage interest being deductable, and a likelihood of your property increasing in value, it's a pretty easy decision to make.

03-29-2005, 09:00 AM	#15
BrudLee Playmaker Join Date: Feb 2004 Location: Rehoboth Beach, DE Posts: 3,494	Re: Rent or Buy? A lot of your urgency to buy should depend upon the property values in your area. I live at the beach, so while everything is expensive, the values have almost no chance of dropping. In fact, in two years, my house has been appraised 35% higher than the purchase price. With almost all mortgage interest being deductable, and a likelihood of your property increasing in value, it's a pretty easy decision to make. __________________ There's nowhere to go but up. Or down. I guess we could stay where we are, too.