Boo hoo the tax credit is gone.  So what.....The interest rates are at 4.25% 30 year fixed, 3.625% 15yr. What an incredible time for home buyers in North park and South Park right now. Those who are taking advantage of these amazing interest rates are getting in and buying a home right now are pretty fortunate.  How low will these interest rates go? Who knows but if you are thinking of staying in your home for at least the next 5 years you're looking at 150K put into paying down the principle of your home mortgage( considering your mortgage is about $2500.00 mo) and being able to write several things off on your taxes.  If you stayed renting that would be 150K that you would have given to your landlord to pay off his or her property down and not being able to write anything off your taxes. Just my 2 cents.