As the home buyer tax credit is
set to expire the end of this week, many would-be Orange County home
owners who miss the
deadline may be asking themselves whether they should continue
renting.The
answer is YES. Buyers can still benefit from California's
$10,000 tax credit for first-time buyers and those buying
new
construction.
While tax credits are strong incentives, the major benefits of homeownership are personal, not financial.
Owning offers a permanent home in which to build a life and family, opportunities to become part of a community, and flexibility in lifestyle. At the same time, while continuing to rent may or may not cost more in the short term, owning a home can save money over time – rents go up; fixed-rate…