Everyone knows that prices continue dropping in many areas, including Scottsdale real estate. But those low prices could be good enough for buyers to consider making a purchase this year. An easy way of figuring out if it's worthwhile purchasing a home vs. renting is to figure out what your mortgage payment would be compared to current rental prices. You also need to take into consideration tax deductions for mortgage interest and real estate taxes for homeowners, although they might not last forever.
There is More to it Than Just Monthly Payments
Even if your mortgage payment is more than a local rental, there is a completely different lifestyle in owning your own home vs. living in someone else's property and having to follow their rules. …
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