3-5 A couple plans to purchase a home for $250,000. Property taxes are expected to be $1,900 per year while insurance premiums are estimated to be $700 per year. Annual repair and maintenance is estimated at $1,400. An alternative is to rent a house of about the same size for $1,500 per month (approximate using $18,000 per year) payments. If an 8.0% return before taxes is the couple's minimum rate of return, what must the resale value be 10 years from today for the cost of ownership to equal the equivalent cost of renting? Finally, given the break-evern year 10 sale value just asked for, what is the corresponding annual price escalation or de-escalation in the house over the 10 years