About Princeton

Princeton -- the name evokes perhaps the most beautiful college campus, graceful streets, and stately, historic homes. It calls to mind the romance of F. Scott Fitzgerald, John O'Hara, and Toni Morrison, the magic of the poet Paul Muldoon, and the resonant voice of Paul Robeson. It summons memories of prior residents Albert Einstein, J. Robert Oppenheimer, Woodrow Wilson, and Aaron Burr. Princeton is, more than ever, a magnet that draws people and culture, artists and educators, students and an ever-changing mix of residents from across the country and around the world.

And yet,...  (click here to read more)

Many young people feel they cannot afford to buy their own home because it can be more costly than renting. Although the monthly mortgage payments may be higher than your rent during the first few years, federal and state income tax deductions on the mortgage interest and the property taxes will reduce your monthly housing costs significantly. Rent may increase over the years, but with a fixed-rate loan, your mortgage payment will remain stable. Buying a home not only represents great tax savings while you are young—it gives you home equity for your senior years. The housing costs of renters who are approaching retirement will represent a larger percentage of their monthly income than the housing costs of those who bought their home years before. Most homeowners will have paid off the mortgage by that time and are thus living virtually rent-free. With home prices and interest rates at their all-time low, the real question is, can you afford not to buy?

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