Monday, December 20, 2004

Buy now or rent?

We are often asked that question. It is not an easy decision. Will rising interest rates cause home prices to soften? And, if the interest rates go up, will you still be able to afford the home of your dreams ... even if the price is less than you expect to pay today?

Maybe you'd like to check with this handy "Rent vs buy Calculator" here. Use a few different assumptions ... lower price, higher interest rate for example. See what happens!

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