US residential property – a good buy?
The chart below, the Affordability Index of US residential property, comes courtesy of the New Observations on Real Estate, Mortgages & Life blog. The Index is computed by factoring in home prices, mortgage rates and income.
Let’s have an open thread and discuss in the comments section whether this represents a buying opportunity, or is it a question of fools rush in where wise men fear to buy? Click on “Comments” below the heading of this post and share with me your views on whether I should part with my South African rand for a residential property in some part of America.
Source: New Observations on Real Estate, Mortgages & Life, March 4, 2010
More on this topic (What's this?)
April Homes Sales Decline: U.S. Housing Market in Trouble? (Jutia Group, 5/22/15)
The Un-Recovery of U.S. Housing Market (EconMatters, 3/31/15)
Twitter Digest: 2012-12-21 (Paul Kedrosky's Infectious Greed, 12/22/12)
9 comments to US residential property – a good buy?
Performance Optimization WordPress Plugins by W3 EDGE