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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.
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There's nowhere to go but up. Or down. I guess we could stay where we are, too.
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03-29-2005, 09:00 AM
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