[quote=briansd1]I wanna know… if the economy will collapse in 2011 because the Bush tax cuts will expire, is it a good time to buy a house now?[/quote]

Of course, it’s an optimal time. When the tax cuts end, the marginal tax rate will go up, making the mortgage tax deduction all that more valuable, and increasing the amount of mortgage one can afford for a given out-of-pocket cost. I’m surprised Laffer did not point out my point above in his recent article. It’s all about tax code and implications caused by changes in tax code 😉