Re-read my passage. I am not advocating the tax deduction as a the reason to buy. From your passage it appears you are the one making decisions on emotion. Timing a market is fairly ridiculous. There are properties today that can be bough right now that will see very little or no depreciation. I don’t work in real estate so I am not devoting my every waking second looking for them but I am failrly confident that there are people who make a living doing it. As for working a spreadsheet you could equally say that if you did not buy 7 or 8 years ago and elected to rent it would have cost you a whole lot more than your example of 4%.
What I am suggesting is that there are reasons outside of these discussions boards that are factoring into buying decisions. Maybe with your situation not so much. either way I don’t go berating people or call them dumb for buying. Itend to think it more sound to simply asked what factored into their decision to buy.
