U.S’s cheapest real Estate Commercial Markets-Owning and Renting-What do the Experts say

So with respect to owning and renting what are cheapest commercial Owning and Renting Real estate? In some of the commercial areas the Real Estate Prices have dropped so low that it costs almost as much and sometimes even less to rent out a place as it does to buy it. How would you know that this is so? Well if you know most of the ownership costs of the property, assuming that you are taking a 30 year loan for 100 percent of the cost price with no down payment then this will give you an idea of the fluctuation of the Prices. So how do Research and Experts show these facts? According to businessWeek.com, they Collaborated with Reis a research firm to Research and Analyzed 20 such Commercial Metros where the cost of renting nears the cost of buying. The ones high up on the list of Areas losing their Real Estate Prices in U.S.A are Detroit and Pittsburgh followed by Rochester, N.Y.; Memphis, Tenn.; Tampa, Fla.; Cleveland, Tenn.; Columbia, S.C.; Dallas; Las Vegas; and Providence, R.I. The Senior Vice President of John Burns Real Estate U.S.A Claimed, “If you can own a home for less than the cost to rent, then it's a logical financial proposition,” He also said “This current situation presents the Buyers and New people coming into these areas with a bumper Opportunity, since the Rents are also falling now, but at a much slower Rate than the costs of Real Estate in All the above mentioned areas in U.S.A” On the Other hand The senior vice president at Raymond James in Tampa also proclaims “buying a principal residence in Florida now makes more sense than it did during the housing boom moreover If you have a job and are looking for a primary residence, you can get places here in Tampa that aren't cheap, but relative to where they were, are fairly priced compared to renting” The whole equation has indeed changed! However I would advise you that Before Investing in, keep your options open; ask yourself if you want to be the landlord or would you restore that property and then resell it. There are certain building types as well that you need to find out what you are interested in. Be it an Apartment building, commercial Real Estate or simply Residential Houses.” People are who are investing for the first time should better start with Residential Housing Since commercial Real Estate and land Development still face challenging market Conditions” Says Harrison Merrill, Chief Executive Officer of Merrill Trust group, a Real Estate Investment Company based in the State of Atlanta. According to a Real Estate Website realtyofthesprings.com“We haven’t seen Commercial Property prices this low in so many years coupled with the rates being so low, When the Money is Cheap to Borrow and the Commercial real Estates in USA are cheap to buy it is absolutely the best time indeed to invest, If the timing of the purchase of the Real Estate Commercial rental Property in the U.S is right then this is the opportunity of a lifetime for you and your heirs. “