RENTERS BEWARE!

If you are currently renting, the following might be helpful.

Just for comparison: if you are currently Renting and paying $2k per month and could have bought a $400K home a year ago at last years interest rates with a mortgage of around $1800, that same home today (which might be $380K-due to the softened market) at current interest rates (which are higher) would STILL have a mortgage of $1800. Had you bought a year ago, not only would you have equity and interest deductions, but you would not have thrown away $24,000. So as you can see, waiting for home prices to fall can be very costly if you are a RENTER!

Anytime is a good time to invest in real estate.