There is a large stock of existing single family houses that cost as much as buying a car - $50,000. In theory, anyone with $5K down and can afford a $200/month mortgage can get a single family house in quite a number of cities.
In practice, the problem with the housing market goes way beyond the economic basics of land, construction, ZIRP.
There is a large stock of existing single family houses that cost as much as buying a car - $50,000. In theory, anyone with $5K down and can afford a $200/month mortgage can get a single family house in quite a number of cities.
In practice, the problem with the housing market goes way beyond the economic basics of land, construction, ZIRP.