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(English) Double Dip or Double Your Money? … or Both?

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4 comentarios
  1. Steve Harney
    Steve Harney Dice:

    @Gil
    Good point. As you mentioned, we were attempting to explain a concept. A buyer should definitely include the the additional costs. They should also include the additional financial advantages of purchasing now (tax deductions, the fact that owning is LESS expensive than renting in 72% of the country, locking in a 5% interest rate, etc.) when determining overall ROI. Putting EVERYTHING into the equation, I am confident many people will more than double their cash in. Every buyer should sit with a real estate professional to look at their personal financial situation when purchasing.

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  2. James Votanek
    James Votanek Dice:

    Another factor to consider when analyzing an effective ROI is current housing costs. In almost every case prospective buyers have a current housing expense. Are they realizing a positive RIO on that expense? Clearly if they are renting the answer is no. Now may not be the right time to buy for everyone desiring home ownership, but than again, for many it is.

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