Will you rent or will you buy?
Interest rates on savings at your Bank? 1 - 1.5% annually
Average rental on a two bedroom with den Two full bath? $1,800
With the interest rates hovering around 3.89 - 4.09 % five year fixed; yes we would all like to have the variable at 2.35% .
Expected rate of annual value increase? I would use 4%
Try it and tell me. How did your model work?
Lets get you started.