If I can buy a condo and rent it out and break even after all my expenses then thats a no brainer no matter what the condo will be worth in a year or two. My profit will be the tax savings and eventual profit on the place. As well as preparing for my retirement. I view it as I do my IRA. It will be income for retirement that will be taxed at a lower rate than I pay now. I am in the highest tax bracket so unless they get stupid on taxes, which is a possibility, I will pay less on the profits when I retire. Now its going to have to go much lower to be able to break even on rental property so I dont anticipate buying anytime soon but I think now is the time to do my research and be prepare in a year or two when it is a good time.
