Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (56139)	6/15/2006 4:05:35 PM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

I'm not sure why the data you present and my statement are mutually exclusive. The prices of homes are not set by people who aren't moving. They are set by the people buying. When doing an analysis of rent vs. buy, a renter will likely take into consideration the fact that he will be able to deduct a mortgage (rightly or wrongly considering AMT and standard deduction) from his taxes. Median length of ownership of a first home is eight years according to HUD. You capture most of the interest in those first eight years and not all that much principal. I am not projecting the experiences of the Bay Area unto the nation. I know better than that. Realtors foist the idea of the mortgage deduction on potential buyers.