Real Estate

Given the market conditions and cost of building new homes, one might want to consider replacement value with existing homes. It`s a tight market with very low interest rates. If financing with a locked in fixed rate, payments will be much lower than say 7 % interest rate loans. Prices may look high but it is the finance rate and replacement value plus the monthly payment amount including taxes and insurance that will count. Also consider utility costs. Rental costs keep rising and probably will until there is a glut in the market. Consider the area you are in as far as vacancy rate for rentals. In many areas it is near 0 %. Something to be alarmed about if you are renting. Ways around it is being an Apartment Complex Manager possibly but one will need to improvise if stuck in any situation of having to rent.