Trackbacks:
best mortgage now
The argument is really pretty simplistic. If you consider housing as an asset class, then it makes sense to run the math as you would on any other asset class. It costs about 8% in the current environment to carry a home: That's mortgage, insurance, taxes, maintenance and ultimately a disposition cost. That's a conservative estimate. What it means is the home has to double every nine years for that consumer to stay even. Every year that house doesn't appreciate 8%, the consumer is…Tracked on: best mortgage now (77.28.196.34) at 2009 03 29 09:23:40
