Quote:
Originally Posted by MMM
I thought taxes were higher on used homes...that's why people tear down perfectly good homes and build new ones.
5 out of 6 homes bought in the US are used.
5 out of 6 homes bought in Japan are brand new.
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You`re right, MMM. Taxes are higher for used homes all but the first year or two - and the additional fees and higher interest for loans on used homes make up for that by far. We looked into buying a used house, and for one priced the same as the new place we bought - over the length of the loan we`d have been paying 25% more. We went with a new place.