tag:blogger.com,1999:blog-2149362212571632662.post5950796042708760320..comments2024-02-09T09:28:28.048-05:00Comments on BoogieDowner: Listing of the Day: Rent or Buy?Boogiedownerhttp://www.blogger.com/profile/08013028900628543820noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2149362212571632662.post-17399478239790313472009-03-19T10:33:00.000-04:002009-03-19T10:33:00.000-04:00Well, actually, there's a lot more to consider...Well, actually, there's a lot more to consider than just the purchase price. I'm going to go out on a limb and assume that a person who is buying a studio is probably a first time homebuyer. As part of the stimulus package, they can now receive an up to $8000 tax credit, in addition to the tax benefits you already mentioned. <BR/><BR/>Also, say one decided to rent the property instead of buying it, when the economy is better, you can bet that the rent is going to be going up--it probably is not rent stabilized. And when you buy, there will hopefully be more stability and you get to have the future appreciation (hopefully!). <BR/><BR/>Either way, it's a steal, and except for the transportation thing, I heart Woodlawn.<BR/><BR/>T<BR/><BR/>For more on the first time homebuyer tax credit:<BR/>http://www.nytimes.com/2009/02/13/your-money/13money.html?scp=3&sq=first%20time%20tax%20credit%20%248000&st=cseAnonymousnoreply@blogger.com