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You Need Renters Insurance When Living In The Barracks

Renters insurance is a critical piece of insurance coverage that every renter needs to have. It is cheap and easy to obtain. But, many young members of the military do not think about having renters insurance while they live in the barracks. Even if you are single and the federal government provides you with a free place to live and food from the dining facility, you still need to purchase renters insurance to cover your personal property and possessions.

The Military Does Not Cover Personal Property

Like many large corporations, the military is self-insured against losses. If a government building burns down, the United States military has enough capital reserve to simply rebuild it at a later date. This of course is not the same thing for a Soldier, Sailor, Airman, or Marine.

It would devastate most members of the military to lose everything in a fire. Like renting from a landlord, the military’s good graces and insurance policies only cover the building’s structure. It does not cover any of your personal possessions inside the building. So, if there is a fire, tornado, or other natural disaster which destroys the building and its contents, your personal property will not be covered unless you have renters insurance. This goes for those living in any kind of military housing, including on or off base housing, the barracks or dorms, or transitional housing such as billeting.

renters insurance military barracks

You need renters insurance, even in the military barracks.

Theft Rates Are High In The Barracks

Like living in a college dorm room, the likelihood of being the victim of theft in the barracks is higher than you would experience simply if you were living in an apartment. There is also a higher chance of theft in the barracks than if you owned your own home. There are far too many instances whether theft can occur such as roommates you barely know, doors that are all too often left unlocked or open, field exercises where thieves know your away, and the list goes on and on. You need renters insurance to cover your possessions.

Renters Insurance Covers You While You Move

Many members of the military do not realize that renters insurance also protects your possessions while you are en route to your next duty assignment. Should you have a theft or a fire while traveling, you will be covered with renters insurance. You may think that you do not need renters insurance because you can file a claim against the moving company, but renters insurance will also help you fill in the gaps that the moving company manages to wiggle out of paying. Inevitably, your claim for damage will not cover all of your losses, and renters insurance can help fill in the gap.

The beauty of renters insurance is that it is one of the cheapest types of property insurance available. For as little as $20 or less, you can have insurance that covers tens of thousands of dollars worth of your property in the barracks. It is a very small price to pay for a lot of peace of mind. Do not get caught with the incorrect assumption that you do not need renters insurance while living on post in the barracks. That may be a time where you need it more than ever, and you do not want to be caught short without it.

This is a guest post from Hank Coleman who writes about personal finance and investing on his blog, Money Q&A.

Photo By: Lance Cpl. Andrew D. Thorburn

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What To Do If You Do Not Have The Investing Gene

Many people who love investing, eat and breathe it. They read everything that they can get their hands on about the subject. They can easily explain the difference between Price To Book Ratio and P/E Ratio. But, there are some people in the world who just do not understand or even want to understand the world of investing. I have found that many times there is not much of a middle road. Most people fall into one of two categories – those who love thinking about investing and planning their next investment, and those who are not interested in the subject at all.

It Is Okay If You Hate Investing

Investing is not something that everyone loves, and that is okay. My wife hates anything that remotely resembles math, and so she leaves all of the investing decision making to me. Of course, I talk to her about it and give her a quasi-report of how we are doing on a regular basis. Even though it is okay not to like the subject of investing, it is a subject everyone must address as quickly as possible if they want to retire with a decent standard of living. If you fall into the group of people who dislike investing, then you need to get some help to insure that you are doing some form of retirement planning and investing for your future financial goals.

Partner Up If You Don’t Have A Knack For Investing

Many people have had the luxury of marrying someone who fits them well. I truly believe that opposites attract. The old adage is very true. My wife is very different from me. And, although we enjoy many of the same things, we complement each other quite well. Like I said, she hates investing, but I love it. Hopefully, there is at least one member of a relationship that will take the lead on the financial side of the house. Just be sure to keep the other involved and informed. If you do not have a spouse or someone in your life who wants to help handle investing, then you may need to find professional help.

Think About Hiring Professional Help

Everyone should be investing for retirement. The sooner you start investing will enable you to retire sooner and with a larger nest egg. But, if you neither spouse wants to handle the investing responsibilities, you may want to consider hiring professional help. A fee only certified financial planner can be a great addition to your household team and is someone who can help you navigate the investing waters.

Be sure to conduct a thorough background check and interview any financial planner you choose. There are several websites available that can help you such. If your financial planner is a registered representative you can check his or her background at www.finra.org. Or, you can also check www.sec.gov for background on many stockbrokers to find out if they have been reported for any wrongdoing. But, the best place to check out a certified financial planner you are considering hiring is the Certified Financial Planner Board of Standards.

Not everyone is cut out for investing, and it is okay not to have the investing gene. But, you need to identify this deficiency in your household as quickly as possible and find a way to start investing. If no one feels comfortable with this role, then you should seek professional help.

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Your Actions Show Your Financial Priorities

Your actions show what is important to you in life, and your financial life is no different. Whatever you think is important, whether consciously or subconsciously, that is what you will spend your money on. We can say we value investing or saving for the future all we want, but if we do not put those words into action then they are just wasted and mean nothing. Looking at how we actually spend our money can be an eye opening experience to your financial priorities.

What You Need to Know About Setting Financial Priorities

Your Checkbook Register Reveals The Truth

Your checkbook register tells the tale of the flow of money through your household. What do you spend your money on? Maybe a checkbook resister is not the correct document, maybe we need to just look at bank statements. But, either one will reveal what our financial priorities are. Of course, we will all have the normal fixed expenses of mortgage or rent payments, car loan payments, insurance premiums, and the like. The variable costs that change every month show our true feelings about money. Do you like to spend your money going out to eat every week? Do you leak money out of your monthly budget by trips to the coffee shop? What does your checkbook register or bank statement say about where your money goes and what you subsequently value?

What You Value Subconsciously

We all say that we put a priority on financial goals such as saving for retirement, paying off our homes early, or sending our children to college without saddling them with too much student loan debt. But, do we really value that? Many financial planners recommend saving 15% of your income towards retirement. Are you at that level yet? Are you needlessly wasting money on frivolous things without realizing it when you could be allocating that money to a better use? Many people do not even realize how much money we waste on everyday purchases. Paying with cash also has a way of having money disappear rapidly without a trace. It is not that we rob our retirement accounts or child’s college fund on purpose. We often do not realize that we short change portions of our financial goals for immediate gratification. It is only through looking at the tale of the bank statements that we really find the truth out about our spending habits.

What You Can Do To Set Your Financial Priorities

The first thing that you need to do if you haven’t already is to identify what your priorities are in the first place. What are your financial goals? Do you want to send your children to college and pay their entire tuition bill? Or, do you want to retire from the military after twenty years of service and not work another day in your life? Both of those financial priorities are doable if you plan. You need to have a written monthly budget that dictates where every dollar will go. This will help prevent those sneaky ones leaking out and not being allocated towards your financial priorities.

We do not set out to miss our financial priorities or goals. Many times we minimize our financial priorities without even realizing what we are doing. You can get your financial priorities back in order by focusing on them and ensuring that they are receiving the attention that they deserve. Actions speak louder than words in all things including our financial lives. Make sure that your actions reflect your priorities with money.

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Five Ways To Find Money To Maximize Your Roth IRA Contributions

The maximum amount of money you can sock away in a Roth IRA is $5,000 each year if you are under the age of 50 years-old. If you saved the $5,000 contribution limits every year from the time you graduated college until you retired at the ripe old age of 65, you would be sitting on a nest egg of approximately $1.6 million assuming an 8% annual rate of return. But, for a lot of us, especially those just starting out, $5,000 per year seems a little daunting. So, I thought it might be fun to help you find the money. You already have it. You are already spending it. To break it down a little bit, $5,000 per year equals $415 per month. $415 is approximately $104 per week. Do you realize that $5,000 is $13.70 per day? You need to find $13.70 every day to arrive at the magic number of $5,000 per year to invest in a Roth IRA. It can be done. Here’s how…

Five Quick and Easy Ways To Find $13.70 Per Day

  1. Do Not Eat Out For Lunch – Even eating at McDonald’s costs an average of over $5 per meal, and if you go out to a finer establishment, the bill could be even higher. If you do that every day, the cost out of your pocket can really skyrocket. And, many junior enlisted members are already having money taken out of their paychecks because it is assumed by the government that they are eating in the dining facilities provided on the base for lunch. Eat there. Many of you have already “paid” for it.
  2. Curb The Partying – For many young Soldiers and members of the military, going out on the town is a way of life. But, if you are going out every Friday and Saturday night, the costs of getting into the clubs and drinks could quickly add up over the course of the month.
  3. Cut Back On The Energy Drinks – Military members work some crazy hours, and they love their energy drinks. But, energy drinks are almost as expensive as a fancy cappuccino and it only gets worse if you drink several over the course of a day.
  4. Reduce The Amount You Smoke – Assuming that a pack of smokes costs $4, a pack a day habit can cost you over $120 each month.  The price is much higher in many parts of the country. Reducing the amount you smoke will save you hundreds per month, over a thousand per year, and thousands over your lifetime – not to mention the health benefits.
  5. Brew Your Own Coffee – This tip is every financial planner’s favorite since David Bach made it famous in his classic book, The Automatic Millionaire. But, the average cost of a cup of coffee in a fancy coffee house can run you about $5 now. If you buy one on the way to work every morning or during the middle of the day, you can spend over $25 per week. Brew your own at home for as little as $0.50 per pot.

You don’t even have to do all of these things at the same time. You just have to get to that magic number of $415 per month. Simply cutting back on a few of these things can get you to that magic number.

Why Is It So Important?

Time is the most important thing that you have on your side when you are young. $5,000 invested each year starting when you are 22 years-old until you retire from the military at age 42 would be worth over $228,000, assuming an 8% annual rate of return. If you continued to max out your Roth IRA after leaving the military service until you reached the retirement age of 65, your $5,000 per year could grow to $1.64 million thanks to the power of compounding interest. Can you really not find that extra $415 a month now if it would earn you $1.6 million? Is your daily pack of cigarettes or morning coffee really worth that?

Too many young people make excuses as to why they cannot invest money for their retirement. They do not see the immediate return, and so they forgo their financial future for instant gratification. I am not advocating living a recluse’s live holed up in your barracks eating ramen noodles. But, I do think that there are quite a few simple opportunities for young investors to control their spending in order to save $13.70 per day which translates into that magic $415 per month or $5,000 per year and use that money to start a Roth IRA. What would you do with $1.6 million dollars in retirement? Do you know that an immediate annuity of $1.6 million dollars could pay you almost $80,000 per year or more for the rest of your life?

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Use A Grocery Price Book To Save Money At The Grocery Store

Every month, I play my favorite golf course near the local Air Force Base. And, every time I play, I step onto the number five tee box which is a little par three that is an in between club for me, I’m never quite sure whether I should hit my six iron or my seven iron. I mentally kick myself because I wish I had written down what club I had used last month to hit that perfect shot. It would have been so easy to hit the next one, but I couldn’t remember what I had used before. Now I understand why golfers carry around those little books in their back pockets. You can do the same thing in the grocery store or commissary by using a grocery price book to ensure that you get the best deals on all the items you purchase most frequently.

What Is A Grocery Price Book?

A grocery price book is a running list of the items that you buy week in and week out at the grocery store with their regular prices written beside them in the entry, and it’s one of my favorite ways to save money. Make sure that you also list which store that you find the best deals in for that item. While you may have to go to different stores throughout the week when shopping, the extra effort will more than make up for the hassle when you realize all of the extra savings on your monthly grocery bill.

How To Use A Grocery Price Book

Keep a little notebook with your and record the prices of things you buy at the grocery store or commissary. Start with the items that you buy every week and the brands that you know and constantly patronize. Make sure that you write down the item exactly so you can later compare apples to apples instead of oranges in case you find a good deal somewhere. If I am caught without a pen and paper on me, I often write a note in the notes app of my smart phone or even keep notes on deals in the Evernote app which can be synched to your smart phone, home computer, iPad, or iPod. It is a great tool for productivity and note taking on the go.

An Example Of A Grocery Price Book In Use

Here’s an example that I hope is a little better than my golf game. I am addicted to coffee. I’m actually addicted to the sugar that goes into my coffee, but over the past few years I have been able to switch from sugar to Splenda. I buy Splenda in a box of 400 individual packets, that way I know exactly how much I am putting in each cup of coffee. At my local commissary, a box of 400 packets of Splenda sells for $8.99 or often more. But, then I noticed that the local warehouse club sold Splenda in a giant box of 1,000 packets for $21. Because I had previously written the price of my favorite sweetener down in my grocery price book, I was able to snatch up that deal with no reservations.

Everyone knows that they should compare prices of their favorite items in order to score the best deal, but hardly anyone actually does it. When we are at the grocery store or commissary, no one can remember what the price of that item was at Wal-Mart. That is where your grocery price book comes in. By continuously updating your notebook or note taking device with the latest deals and their locations, you will quickly be on your way to saving a bundle on your grocery bill every month.

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Many People Take Debt With Them Into Retirement

One of your biggest financial goals should be to not only to reach retirement with enough money saved to live out your dreams, but also to retire debt free. You would think that would be the goal for the majority of people and that debt in retirement would not be an issue. But far too many Americans are retiring today with balances on their credit cards, hindering their ability to retire comfortably. Credit card debt is hard enough to handle when you are in the prime of your working life, but it can be a nightmare to manage when you finally hang it all up and retire.

Retirement With Debt Can Lead To Bankruptcy

There is a bigger issue to retiring with debt than just having an extra bill or two to pay every month to Visa or MasterCard. More than 20% of all the bankruptcies in America this year are from people ages 55 or older. That is almost a 100% increase from the number of bankruptcies that were reported in 2001 from the same age group. In fact, older Americans have almost 50% more debt than younger people according to studies conducted by CESI Debt Solutions (source).

Do Not Retire With Credit Card Debt

The CESI Debt Solutions study found that 56% of all retirees had outstanding debt when they finally quit working. Most financial planners recommend that retirees have enough retirement funds, assets, or pensions to generate 80% of their pre-retirement income for their Golden Years. So, for example, a person earning $60,000 the year they retire needs an investment portfolio that will produce an income of approximately $48,000 per year or $4,000 per month. Retirees would need a little over a $1 million a nest egg to produce that amount of income in today’s dollars. For many people, crunching the retirement numbers can be a daunting task, and still having credit card debt can stretch that already thin budget almost to the breaking point.

Delay Retirement Until You Are Debt Free

Very few retirees in the CESI Debt Solutions study said that they would delay retirement until they paid off their credit card and other debt. But, that is exactly what they should do. Working one extra year in order to pay off the debt can be the solution that helps set you up for success. Like most big life changes, it is the first six to twelve months that really make or break your transition. Delaying retirement even just a little while until you have all of your debts paid off can make all of the difference in the world to setting you up for success.

It seems that having debt when a person stops working should not be an issue that needs to be discussed. At first glance, retiring with debt seems ironic and irresponsible, but studies have shown that it does happen. And, it has been happening in greater numbers over the past decade, not less. But, career does not have to end in a sea of debt, bankruptcy, and ruin. Delaying retirement even for a short time can help you start off your retired life on the right foot without credit card debt.

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The Dangers Of Only Using A Joint Bank Account

Joint bank accounts provide a simple and convenient means of sharing money with your spouse. They can also help ease the trouble associated when dealing with an account while your spouse is deployed. But, there are also several risks involved when married couples operate their household budget solely out of a joint checking account. Before you give your spouse access to everything in a joint account, you should be aware of some of the potential consequences of that decision.

The Risk Of Only Using A Joint Bank Account

Joint Bank Accounts Provide Unlimited Access

Either spouse listed as an owner on a joint bank account has the right to make unlimited withdrawals from that account no matter who deposited the money into the joint bank account. Each joint can deposit and withdraw money from the account freely without permission or even notification of the other owner. While we all like to think that our spouses have our best interests at heart, many can quickly take advantage of the ease of access to a joint account in times of marital trouble.

Joint Bank Accounts Make You Vulnerable To Lawsuits

A joint bank account makes your money in the account vulnerable to lawsuits from creditors that your spouse did not pay. If your spouse is sued and found at fault or liable for damages, your joint bank account may be used for settlement of the debt even though you may have had nothing to do with the reason for the legal action. It is guilt by association, and the courts will not separate what you think may be yours and what is the spouses in a joint account before seizing it.

Both Parties Are Held Liable For Any Debt On Joint Accounts

The creditors or banks that lent money against a joint bank account do not make a distinction between which party the bank account belongs to. They view a joint bank account as equal to an individual bank account and will try to reclaim the money that they are owed. This can be especially tricky if you or your spouse have an overdraft protection on that account, and it is used. Even if it used without the other spouse’s knowledge, both parties are responsible for the debt despite who actually incurred it. This can also lead to damaging the innocent spouse’s credit score as well. If the debt against the joint bank account is not paid, then negative marks are placed on both party’s credit report.

Joint bank accounts provide military and civilian couples the easy and convenience of having access to money when one of the parties is not available. But, having a joint account opens both individuals up for several different types of risk to their financial help. While most people assume that they will not have difficulties with their spouse properly using a joint account, many find that is simply not the case unfortunately.

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Is The Military Homeowner’s Assistance Program Taxable?

The military’s Homeowner’s Assistance Program (HAP) has been in place for decades to help homeowners who have trouble selling their homes because of a Base Realignment and Closure (BRAC) initiative. The latest round of BRAC closures happened to coincide with the recent housing market crisis in America. A new addition to HAP was added in 2009 as part of the American Economic Recovery Act and includes protection to members of the military who are forced to move because of a permanent change of station or PCS move and lost value on the price of their home. The old and new versions of the law provide some monetary relief to eligible members of the military and federal employees who suffered a financial loss on the sale of their primary residence when they were not able to sell their homes under reasonable terms or conditions.

There Are Two Versions Of The Homeowner’s Assistance Program

There are two versions of the Homeowners Assistance Program: conventional and expanded. The conventional HAP was established by Congress in1966. It is only available for members of the military when the services conduct a round of base closures. The HAP is a special relief program that must be approved to start, and then it provides financial assistance to homeowners who are not able to sell their homes under reasonable terms because an announced closure that adversely affects the real estate market of a local area. The Army Corps of Engineers runs HAP on behalf of all the military branches. The expanded HAP is exactly like the conventional version, but it has been modified recently to include wounded service members, surviving spouses of military members who are killed in combat, and other members of the military who receive permanent change of station (PCS) orders.

Conventional Homeowner’s Assistance Program Is Taxable

The conventional HAP benefits payments are taxable. Members of the military owe taxes on support they receive when the support is above 95% of the prior fair market value (PFMV) of his or her home. For more information on the Conventional Homeowner’s Assistance Program, you should view the HAP website and the Army Corps of Engineers’ FAQ page.

Expanded Homeowner’s Assistance Program Is Not Taxable

Originally, the Expanded Homeowner’s Assistance Program and specifically the PCS clause was not tax exempt. President Obama signed HR 3548 which is the Unemployment Compensation Extension Act of 2009. He signed the bill into law which also included a new exception for Expanded HAP benefit payments from federal taxes. Payments to military members are also not subject to social security or Medicare taxes. Although HAP is exempt from Federal taxes, there may be state taxes that military members may have to pay. Applicants who had taxes withheld prior to the President signing the law change should receive a W2c which is a corrected Wage and Tax Statement from the Internal Revenue Service.

As with any complicated tax situation, HAP applicants should seek legal and tax assistance if there are any specific questions about the tax implications of HAP benefit payments. The military’s Homeowner’s Assistance Program (HAP) is a viable option for members of the Armed Forces who have had trouble selling their homes during the recent housing crisis. View the eligibility requirements and how to file for benefits at the Homeowner’s Assistance Program (HAP) website.

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The SMART Way To Accomplishing Your Goals

Now that the New Year is upon us, everyone has goals and New Year’s Resolutions that they have made. Some people want to get out of debt, and others want to exercise more and lose weight. No matter what your goals are, they will not be easily accomplished if you do not have a plan to stick with them. For decades, scholars and productivity researchers have been praising the SMART goal setting method. Robert Pagliarini even reminded readers in his book, “The Other 8 Hours”, that goals need to follow the SMART acronym. Goals need to be specific, measurable, attainable, realistic, and timely in order for you to have a chance in seeing them through.

Creating SMART Goals

Your Goals Have To Be Specific

Your goal needs to be as specific as possible. You should not have a goal or New Year’s Resolution to just “lose weight in 2011.” You should tell yourself that you are going to lose fifty pounds over the course of the next year or one pound a week and a set number of inches off your waist.

Your Goals Need To Be Measurable

You have to be able to know where you started, where you want to go in the end, and how you are doing along the way. So, for example, if you goal is to lose weight, it is easily measurable by getting on a scale in your bathroom every morning or night. You should not set a goal that is stated in a way that is immeasurable. For example, your goal should not be to find more happiness in your life. While that is an admirable goal, you need to quantify exactly what makes you happy and how to increase that metric.

Your Goals Must Be Attainable

I am a big fan a stretch goals. Goals need to be tough to reach, but they need to be reachable nevertheless. If a goal is totally unattainable, it will be easy for you to drop it without a second thought. I want to play professional baseball when I was a little kid, but my mother did not have the heart to tell me that it was unattainable since I could even hit another twelve year-old’s curveball.

Your Goals Have To Be Realistic

Writing a best-selling novel may not be very realistic if you have not been honing the craft of writing. If you want to keep your New Year’s Resolution or a goal, you have to be realistic. Are you going to wipe out $100,000 in credit card and other consumer debt in one year? Most likely not, and you need to be realistic so you do not get discouraged with your goals. Repaying $100,000 in debt is completely doable through programs like Dave Ramsey’s Debt Snowball, but it takes time.

And, Your Goals Should Be Timely

Timely, realistic, and attainable goals seem to go hand in hand almost. Your goals need to have a time frame for completion. If you want to lose weight or write the great American novel, you should have an end date in mind and preferably the shorter, the better. You should breakdown your goals into short-term, mid, and long range goals. This will help you focus your energy on the close targets, and your short-term goals can help provide you with baby steps that lead to your large long-term goal.

Like most members of the military, service men and women thrive on acronyms to help them remember ideas and concepts. Using the SMART acronym for goal setting can help you stick to your goals and even try to help you manage to buck the trend and keep your New Year’s Resolutions.

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Military Will See Their Basic Allowance For Housing BAH Drop In 2011

The average Basic Allowance for Housing, or BAH, rates across the nation will fall slightly in 2011 for the first time in the past two decades. Effective January 1st, 2011, BAH rates will drop by an average of 0.6%. The military is adjusting the rates it provides for members living off of the nation’s bases, and in most cases, the BAH rates are falling across the country. The adjustments reflect the nationwide housing market as it continues to suffer after the past recession and housing slump. See Official DoD BAH calculator for your BAH rates.

Military Basic Allowance for Housing (BAH) Drops in 2011

Some Military Communities Are Hit More Than Most With BAH Drop

Like the country as a whole, military communities in the hardest hit areas of the United States have always been the ones to see the largest reduction in Basic Allowance for Housing. The major military area showing the biggest decrease in BAH is Fort Bragg and Pope Air Force Base in North Carolina which dropped by an average of 7.5%. For example, an O-4 with dependents previously received $1,707 per month in BAH, but new Majors at Ft. Bragg will only receive $1,548 in 2011 which is a 9.3% decrease. Other areas hardest hit by the BAH drop are Nellis Air Force Base, Nevada, Seymour Johnson Air Force Base and Marine Corps Air Station Cherry Point in North Carolina, and Whiteman Air Force Base, Missouri.

The BAH Drop Could Hurt Those Already Struggling

The military has quickly reduced the BAH rates in response to falling home prices and the subsequent reduction in rent being charged Soldier, Sailors, Airmen, and Marines who live off post or off base. But, those members of the military who still own those houses, many with the same mortgage rates reflected in the previous BAH rates, are the ones stuck holding the bag. Reduction in the BAH rate will most likely result in a reduction in rental income which make hamper some homeowners from covering their mortgage payment requirements.

BAH Drop Will Not Affect Service Members Until They PCS

There is a policy in effect called the individual rate protection policy. Members of the military who are currently on assignment at a duty station will not see their BAH rates decrease until they PCS or move to a new assignment. The problem with this measure is that it does not take into account the many Troops who cannot sell their homes when the time to move on to the next assignment comes along and are then subsequently turned into reluctant landlords. Many members of the military will still be stuck holding mortgages at a higher payment than what they will be able to receive renting the home for because the new service member will be only qualify for the lower BAH. Thanks to the laws of supply and demand, the new landlord will in turn eventually be require to match the new BAH rate and reduce the rent to keep up.

For once, the military finance officials have moved very fast to keep pace with the changes in the financial landscape and the tough housing market that still faces America. While the new BAH rates will reflect the true cost of new homeownership and new rental agreements near American military bases, the previous owners who cannot sell their homes to cover their mortgages will be left with tenants requiring a lower rent thanks to changes in the Basic Allowance for Housing.

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