2009-04-20 — thetruthaboutmortgage.com
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A new report released today by IHS Global Insight and PNC Financial Services Group revealed that the nation’s housing market as a whole is “slightly undervalued,†but said there was no sign of a bottom."
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turbomodification at 21:06 2009-04-21 said:
A house is 'under-valued' when the purchase price is less tham 120 times the obtainable monthly rent. At 120 times the rent, an invester can buy the property with 5% down, make repairs, stand some unrented time and make a 7% per annum return on investment. Those that lie to you and tell you that a property is 'worth' more than 120 times the rent and that now is the time to buy tend to profit if you buy now - if it really was the time to buy then they would be buying and keeping others away from buying as that would drive the price up. Permalinkadd a comment | go to forum thread
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