if @ john stevenson's #'s are correct (& so are yours), at a 30 yr loan, that $2196/yr cash on your $15k down is 14.6% cash-on-cash return.that's better than 10% history in the stock market.

Jeff S. doesn't sound like you would pass the exclusive use test.

We just used the S Florida branch when we purchased our new house.

The whole month or even half month ‘s compensation is a bit much so I understand your gripe in that regard.

I was part of a S-Corp and found it saved me thousands in self-employment tax.

Originally posted by Jeff S.

Early 50's, been at the same company 19yrs.

Your state has been mostly controlled since the 1900's by republican Governors.http://en.wikipedia.org/wiki/List_of_Governors_of_CaliforniaI think Romney did really well, at the debate.I think though, as I comb through numbers, the real job creators have been the Dems.

Invest where the #'s make sense.

In the late 80's a lot of hype was surrounding an airport that was going to be built - I believe - in Palmdale.