Purchasing a home is definitely a great investment… if the timing is right for you. You do get a great tax right-off, but if you are paying too much because for the house because rates are high at the time you purchase, or houses are high and expensive, or you are spending most of your income on the mortgage… then you might want to think before purchasing. You must also consider that buying a house is a long term investment. There are other costs besides the actual price of the house. So if you buy a house and only stay for 3 years and you sell if for the same price you bought it, than you just lost the amount of money you paid for closing costs etc.
I firmly believe that buying a house is not a rush job. Be sure that you are financially prepared to take on this type of investment. You need to be sure that this is the right time in your life to make such a big commitment.
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