1-A Buyer’s Market! We are 4-5 years into the biggest housing bust in modern US history. 2-Mortgages are Cheap! In fact, the lowest rates on record. 30-year loans are being quoted at 4-4.25%. 3-Savings from Uncle Sam! You can deduct mortgage interest, real estate taxes, and avoid capital gains (whenever you sell). 4-Inflation Protection! According to Karl Case (of Case-Schiller) housing tends to beat inflation by a couple percentage points a year. 5-Forced Savings! You are creating a savings account by building equity. The mortgage is “good discipline”! Want to discuss, e-mail me.
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