Waiting for a new "Stimulus Plan"

John, very well said.  I would love to know what we as real estate agents have to do to get potential buyers off the fence.  When put in actual black and white numbers, as you have done, it might help in getting the point across.

John, you make a pretty good case for purchasing right away rather than waiting.  If I might make a suggestion, your post is somewhat difficult to read... being all one big paragraph. 

May I suggest breaking it up into perhaps four or five smaller paragraphs.  Easier to read, and it also makes the math and examples easier to understand.  Just a suggestion.

Mike:  It would appear to me that the main problem here is one of simply not knowing if there will be or will not be another Federal Tax Incentive program.  I think the tax credit program worked well for those folks who could not have purchased without it.  For the others... it was just icing on the cake. 

I am much more IN favor of the program for those who could not purchase without it.  The main focus was simply stimulating the buying market... to light a little fire under the economy, and in the process, get some creation of some new jobs... which, then again, also helps the real estate market.

By the way... thanks for taking my suggestion in breaking up your original post into smaller paragraphs.  I think it helps to understand it immensely, and... it also LOOKS much better, as well.  Thanks for listening to my idea.

Mike, you are very welcome.  Examples of interest rate scenarios, and the payments they bring, as even more valuable to potential buyers than simply throwing a "rate percentage" at them.  They want to know how much they will write out the check for... and your example, presented the way it is above, spells that out to them very plainly.  Thanks a bunch.