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| This is an actual home that was made using a retired 727 |
According to analysts at Capital Economics, due to the continued depreciation of residential property values at the end of 2010, housing is more undervalued than ever before. Based on Case-Shiller housing index the 4th Q of 2010, housing was 21% undervalued as compared with disposable income per capita and 15% undervalued as measured against disposable income according the FHFA.
Lower prices + low interest rtes = lower monthly mortgage payments. On median priced housing purchased with a 20% down payment, is at record lows of 13% of median income – according to Capital Economics.
The recent de-valuing of housing stock seems to be attracting cash investors – and according to Capital Economics, are driving 70% of the increase in existing home sales since last July, whereas first time home buyers account for just 6% of the increase in sales of existing homes….Man up – it’s time to buy.http://rcm.amazon.com/e/cm?t=debhalsey&o=1&p=8&l=bpl&asins=1888998776&fc1=000000&IS2=1<1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr