Their job is to get the highest price possible, so be careful about revealing how much you're willing to spend. Mass. It needed paint and grass seed, but had plenty of potential. Then they went looking for a loan. Unnecessarily so, perhaps. It's a feeling many young people are buying into.
Mortgage rates are one reason.
Factor in the tax deduction for mortgage interest, and it's cheaper to own than to rent. The White House also is helping. President Clinton has pushed for a record 67.5 percent of Americans to own homes by 2000. Both will accept down payments of as little as 3 percent instead of the usual 10-20 percent. Down payments can be gifts, not earned funds.