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

To: Moominoid who wrote (56187)	6/16/2006 9:06:20 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

and even PhD economists can overestimate the tax benefit (as in buy a house to get a tax deduction, which is what the chairman of my department told me). No expense is always better than a deductible expense. One of the greatest benefits of owning a house is that it allows you make a reasonably accurate estimation of what your future living expense will be. Those estimates can always be wrong because of some unpredictable event but for the most part you can assign a net present value to a house based on the future housing services you expect to receive. It's a value, like every other value, that is subject to change as interest rates and inflation rates fluctuate. Still I think Tbonds are more predictable and they aren't wasting assets.