Rentals keep rising

Housing development has not kept up with housing demand. The cost of building is part of the reason. The other is qualifying for a loan is tougher. When rent is higher than what a mortgage payment is you want to seriously look into getting a home that has to be reasonable cost for you. Pre Qualifying is a good start or owner finance. With the low interest rates out there you want to look at only a fixed rate loan all the way thru the total years. No balloon loans. Consider the amount you can pay per month at the minimum not the maximum. Your objective is to have payments remaining the same for the time alloted while rent cost`s keep rising. Figure the minimum you would be able to pay even in bad bad times and you will be good.