I’ve been checking the real estate market to see some of the new listing. There are quite a few homes where my sister lives where the prices are around $250,000 for a four bedroom home. I calculated how much the monthly using an Excel spreadsheet and the PITI is around $1,745. If you factor in the tax benefit for the extra deduction, the net monthly payment would be around $1,500. Do you know how much is a 2 bedroom and 1 bath apartment is?

My sister is paying $1,250 per month and that is the negotiated price. Initially, the monthly rent is $1,400 but since they are just upgrading from a one bedroom to a two bedroom one, the apartment manager gave them a good deal.

The houses are now becoming affordable in the Inland Empire. For an additional $200, my sister could have owned the house with more bedrooms and bath.

So is this a good time to go into Branson real estate? I don’t know but it seems that as time passes by, more foreclosures are flooding the market pushing the prices even lower.