Housing decisions challenge everyone. At some point in your life, you have made a decision to either buy or rent your own housing. Describe how you came about that decision and discuss the factors that influenced it. What factors did you consider when deciding to rent or buy? Approach both from both a qualitative and quantitative basis.

Now, let's consider the impact of rising interest rates on the rent vs buy decision. How would rising interest rates impact your personal housing decision? Suppose you are an owner/operator of rental housing. How would rising interest rates affect you? Conduct online research on where interest rates could be trending and how the market for rental housing could be impacted.

Finally what could be the impact of the tax plan if approved where the interest deduction is capped at $10,000 per year. Would this change in the tax law influence your decision to rent vs. buy?