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Its amazing how much you can buy right now
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Transcript of Its amazing how much you can buy right now
Payment
PriceVs.
When shopping for homes
we tend to focus
on price
From the Inexpensive
To the very
expensive
we know what we want
Either way
& we’ll do our best to find a good deal
But let’s put things
In perspective
Let’s go back
TO
When computers were young
Hair was getting big
Cars were getting small
And rates were at all time
highs
Back then..
A median priced house was
$66,400
And the mortgage payment was
$828
In 2011A median priced
house is
$169,100
And the mortgage payment is
$695
Did you catch that?
1981
Price
$66,400
2011$169,100
1981 Payment$828
2011$695
1981
Math Geeks Pause Here
$66,400 –20% =$53,120 Loan @18.625% 30 Year Fixed =$827.70
2011$169,100 –20% =$135,280 Loan @4.625% 30 Year Fixed =$695.52
Do you know what this means?
It costs less today to buy the
same house
OR: That you can buy more house with the same payment
How Much More?
?You could purchase a
$193,184 home
That’s pretty good
So Prices Rose
$828
$695
While payments
fell
But it gets even
better
Because, while prices
roseSo too did
average incomes
That means that not only
were payments
going down
They also became an
ever smaller slice of your
income
How much smaller?
Per Capita Income = a little over $11,000
Per Capita Income =a little over $40,000
So as you can see..
There’s more to it than just
price
Simply put:
Homes are more affordable now
than at any time in the last 50 years!
With much thanks to rates turning around
Your power has grown
and now with lower prices too
It’s easier to get what you want or
need
But don’t wait too long
As opportunities like this, never last
Call me today for helpMark Taylor 602-361-0707