It would be great if someone can educate me on buy vs. rent. I have been a home owner for 10 yrs and don’t know much about renting markets.
Here are my situations:
Want to live in a house in CV with 4br/3 car garage this year.
The tax bracket this year is in > 30% due to income > $250,000 and little reduction in mortgage interest of the current house. The interests made in the cash accounts all went to IRA. It was painful to mail a check of $$$$$ for additional tax couple days ago, let alone not getting a penny from the goverment refund program or child credit… The only ways i can reduce the tax are by max 401 count and flex acounts.
Busy in my professional job and don’t have time to open my own business for tax benefits.
Plan to buy a house in the range of 850k to 1 million with 30% down from a cash account to get a confirming rate around 6% for a 30 yr loan. The new limit of ~720k is going to set next week/month.
