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May 12, 2008 at 3:17 PM #202942May 12, 2008 at 3:52 PM #202931anParticipant
davelj, I totally agree. It gets much harder to justify renting once it’s cheaper to buy vs rent and the rate of decline is slowing as well.
May 12, 2008 at 3:52 PM #202991anParticipantdavelj, I totally agree. It gets much harder to justify renting once it’s cheaper to buy vs rent and the rate of decline is slowing as well.
May 12, 2008 at 3:52 PM #202955anParticipantdavelj, I totally agree. It gets much harder to justify renting once it’s cheaper to buy vs rent and the rate of decline is slowing as well.
May 12, 2008 at 3:52 PM #202905anParticipantdavelj, I totally agree. It gets much harder to justify renting once it’s cheaper to buy vs rent and the rate of decline is slowing as well.
May 12, 2008 at 3:52 PM #202858anParticipantdavelj, I totally agree. It gets much harder to justify renting once it’s cheaper to buy vs rent and the rate of decline is slowing as well.
May 12, 2008 at 4:56 PM #202952pepsiParticipantI am not so sure about tax adavantage.
For 6% interest, you get 2% back (assuming 33% tax bracket), but you have to pay 1.25% property tax.
So, you get only 0.75% back.
On the other hand, renters have the standard deduction.
The difference between the 0.75% and (33% of the standard deduction) is your actual saving.
By the way, the interst over 1MM is not deductible.
May 12, 2008 at 4:56 PM #202977pepsiParticipantI am not so sure about tax adavantage.
For 6% interest, you get 2% back (assuming 33% tax bracket), but you have to pay 1.25% property tax.
So, you get only 0.75% back.
On the other hand, renters have the standard deduction.
The difference between the 0.75% and (33% of the standard deduction) is your actual saving.
By the way, the interst over 1MM is not deductible.
May 12, 2008 at 4:56 PM #203036pepsiParticipantI am not so sure about tax adavantage.
For 6% interest, you get 2% back (assuming 33% tax bracket), but you have to pay 1.25% property tax.
So, you get only 0.75% back.
On the other hand, renters have the standard deduction.
The difference between the 0.75% and (33% of the standard deduction) is your actual saving.
By the way, the interst over 1MM is not deductible.
May 12, 2008 at 4:56 PM #202903pepsiParticipantI am not so sure about tax adavantage.
For 6% interest, you get 2% back (assuming 33% tax bracket), but you have to pay 1.25% property tax.
So, you get only 0.75% back.
On the other hand, renters have the standard deduction.
The difference between the 0.75% and (33% of the standard deduction) is your actual saving.
By the way, the interst over 1MM is not deductible.
May 12, 2008 at 4:56 PM #203002pepsiParticipantI am not so sure about tax adavantage.
For 6% interest, you get 2% back (assuming 33% tax bracket), but you have to pay 1.25% property tax.
So, you get only 0.75% back.
On the other hand, renters have the standard deduction.
The difference between the 0.75% and (33% of the standard deduction) is your actual saving.
By the way, the interst over 1MM is not deductible.
May 12, 2008 at 5:15 PM #202933nooneParticipantTo make this decision, you need a good rent vs. buy calculator. I’ve been using this one:
http://spreadsheets.google.com/pub?key=pM4Gw0s2zSeCXIvKktNGLbg
If you know of another that you like, please post a link.
May 12, 2008 at 5:15 PM #203064nooneParticipantTo make this decision, you need a good rent vs. buy calculator. I’ve been using this one:
http://spreadsheets.google.com/pub?key=pM4Gw0s2zSeCXIvKktNGLbg
If you know of another that you like, please post a link.
May 12, 2008 at 5:15 PM #202980nooneParticipantTo make this decision, you need a good rent vs. buy calculator. I’ve been using this one:
http://spreadsheets.google.com/pub?key=pM4Gw0s2zSeCXIvKktNGLbg
If you know of another that you like, please post a link.
May 12, 2008 at 5:15 PM #203029nooneParticipantTo make this decision, you need a good rent vs. buy calculator. I’ve been using this one:
http://spreadsheets.google.com/pub?key=pM4Gw0s2zSeCXIvKktNGLbg
If you know of another that you like, please post a link.
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