AN,
My case was based upon renting a similar house.
Concho,
The marginal tax bracket I used is probably a bit high, I used a 5/1 ARM interest rate and I didnt factor in maintenance. For the record, I didn’t buy when it was cheaper or the same as renting, at least that wasnt part of my decision. I bought what I wanted, where I wanted and what I felt comfortable paying. While 1998 was not the bottom it wasnt much different than the bottom which was around 1996 by me.
If it happens as you expect…GREAT…I’ll buy 2 or 3 more houses in my neighborhood like I should have last time around. I know a couple people that did exactly that.
