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Old 02-07-2020, 05:36 PM
Laker14 Laker14 is offline
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Join Date: Dec 2008
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another factor to consider regarding cost analysis. If you haven't bought yet, and are considering the "rent vs. buy" comparison, if your money is tied up in IRA type accounts, whereby, in order to come up with down payments, furniture etc you have to increase your withdrawals from such accounts, one must consider the tax hit one takes. They are pretty substantial when you are talking 200K, or more, for a purchase. And one incurs a significant degree of loss of liquidity with ownership.
From the developer's standpoint, the question is not whether it's the right move for you, but whether there is a suitable market "out there" for the number of units being built.
I don't think these units will languish unoccupied. The developers know their stuff, and they will do well here.
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