http://dominicdefazio.point2agent.com/blogs/dominic_de_fazio/archive/2008/04/14/the-market-is-bad-why-not-wait-read-this-side-of-the-issue.aspxThere are 3 ways first time buyers lose money by waiting to purchase a home. 1. Lost tax deductions. If you don&#39;t have a mortgage you will pay more federal and state taxes. The amount can be staggering, and the savings goes to you and not to the government.enCommunityServer 2.1 SP1 (Debug Build: 61019.2)http://dominicdefazio.point2agent.com/blogs/dominic_de_fazio/archive/2008/04/14/the-market-is-bad-why-not-wait-read-this-side-of-the-issue.aspx#384004Mon, 10 Nov 2008 21:36:28 GMT76e1d813-4a75-4441-82c9-becc5b0e3f78:384004Dominic & Hem-young deFazio<p>People also need to realize that their home is not only an investment but more importantly their home. Owning your own house gives people pride of ownership rather than renting.</p>