SD Realtor, like I said before, each person’s circumstance is different. I think we are here talking about the “general” idea of buying.
You are a professional and get a tax break for buying.
The lower-income buyers who go into enormous debt to buy hardly get a tax break at all because of the standard deduction. They also tend to have more kids so their tax rate is low to begin with. The home ownership rate has been going up because of the marginal buyers entering the market. If they didn’t feel the need to absolutely buy, before they get “forever priced-out,” the market wouldn’t be as inflated. The REIC has been giving buyers snow jobs on the “benefits” of buying.
I understand that you’ve moved 3 times in 18 months. Wouldn’t it be wise to sign a minimum of a 2-year lease so you wouldn’t need to move as often? Maybe I don’t undersand the “pain” of moving. I’m a long time homeowner so it makes sense for me to stay put. However, I think that potential buyers are better-off renting for the foreseable future.
