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Where did you read this information? Is there a place I can find out more about these new rules? Does that also apply for FHA loans?

So I have a friend who will be moving to the Village sometime in the next two months or so. Who wants to split a referral fee with me for him? :P The markets tough...gotta make some money somehow!

So I informed my landlord that I was moving out last week because I'm buying the place you all told me NOT to buy. She first said she was thinking about dropping the rent, but when I looked at her listing on MLS she actually raised the rent up $50. I was on a month by month so that wasn't an...

I just wanted to thank everyone for the advice they have given on this thread. Man you guys really sure know how to kill a girls excitement about buying her first place, but it is still appreciated. I do think that if my plan is to keep and live in this property for more then 7-10 years that I...

So the mello roos are not deductible. Now I'm trying to remember what it was that my mortgage guy told me was deductible? Ugh....I guess I better call him again. This is all really a little overwhelming.

So how much more do you think prices will drop? Another 10%? 20%? Shouldn't you take into account the tax deduction you would have receive over those two years when instead you are paying rent still and more taxes? Just my thoughts.

Found this on the IRS site. Looks like only certain parts are deductible so I'd have to look at the breakdown of the bill more closely. <em>You cannot deduct Mello-Roos taxes if they are assessed to fund local benefits and improvements that tend to increase the value of your property...

Man...thanks for the information. If you don't buy now then what? Wait 2 years when the interest rates and property prices are back up?

I'm gonna see if i can find any more information about this. If I do I'll post up. Thanks!