I really don’t understand why some people say that their primary motivation to buy homes is for tax advantages. Since the biggest deduction comes from mortgage interest payments. And if you have a choice of paying a 0% fixed mortgage compared to a 6% fixed. So are you saying that you’d take the 6% loan because it gives you a better “tax advantage”? And since you are worried about higher interest rates. Why don’t you look at Rich’s last post/graph when he compares mortgage rates with home prices during the last housing downturn.
But if you want to buy for the sake of wanting to own. Go right ahead and then of course the tax advantage should be considered as an extra bonus, but not the other way around.
