-Realize rents do rise, but how long will it take to become the same as a mortgage? Math still favors the rental option for the foreseeable future (3 years).
-leverage equals debt…not big on the kind of home I get for that kind of money right now.
– Tax shelter —good point on Capital gains exlusion
– Estate planning — good point
– College accounts are fully funded for kids
Still not convinced on buying though
FLU
I know that I can’t live in my stocks, but we’re talking about a significant amount of difference in rent vs. buy for that price of a home, not to mention the $$$ I’ll tie up with a downpayment.
I’m an investment novice, so I’d be inclined to go rather conservative.
SOBAY1
Not sure how you came up with 8%, I’m definitely in the 25% bracket and used that number in the online calculator I used.
