Buying a house is usually a no brainer. Figure your payment less tax break
less appreciation and compare it to rent. Appreciation is the key. In many
areas it's 8% plus right now. In my case, the potential appreciation is
almost greater than the payment. It's a great way to build wealth.
Economists are saying that one of the reasons the recession isn't biting
harder is that many people are enjoying a conformable home equity
situation. If home appreciation starts tapering off, head for the hills.
Lee
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