While paying all cash eliminates a mortgage and increases your cash flow, it also reduces your COC dramatically, and reduces the amount of property you can control.

Especially if your concessions included the grant that West Seneca gives to first time home buyers (I'm from the Amherst, so I'm familiar with some of the local government/programs).Why not just keep it as your "primary residence" for a few years and have a family member or friend watch over it?

This program comes ...

They are trying to sell you something so you have the CONTROL.

Tim, you got your crooks confused.The Treasury Dept and Secretary Paulson are the ones "controlling" the 700 billion.

You are mortgaging your future to things out of your control, imo.

I wonder what new socialistic programs I'll remember after the next 4 and how many more wacko judges(aka San Francisco) will have been appointed for life.

Just wait til the government controls everything.Mike

Get out there and learn to do a CMA or hire a trained appraiser to do it for you.Before anyone comes in and argues with me, saying that these programs are accurate, I'd urge you to check the disclaimers on their websites.

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."