The other day I came across an article about affordable housing markets. The article itself isn't incredible, but the premise behind it is. Part of the article discusses how when the housing marketing was increasing like crazy, people were able to purchase homes that were way above their means through "cheap adjustable rate mortgages." The article later states, "A fallout from the real estate slump is that once again many homeowners are forced to look for homes that are within their budget."
Isn't that an amazing idea?! Purchasing a home you can actually afford?!
Once again I'm thankful that Dave educates us on the truth that normal is broke. If living way out of my budget is normal, count me out!
By the way, if you want to read the full article, here's the link: http://news.yahoo.com/s/bw/20080904/bs_bw/aug2008bw20080828371262
-John
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1 comment:
John, great point. "affordable" housing almost seems to be an oxymoron in today's economy. So many people cant even afford the house they are already in.....
thanks for sharing....
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