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Whether you’re looking to purchase a starter home or buy an investment property, the aspiration of home ownership has never been more feasible than in 2012.

There has been a great discussion among Zing! readers about the “top 5 reasons to purchase a home in 2012” (in the comments section) where readers have both agreed and disagreed about the pros and cons of taking advantage of today’s near historic low mortgage rates.

Yet, one fact that can’t be disputed is that you will have a hard time finding a home that costs less than the ten that MSN Real Estate has singled out for being dirt cheap.

Author Christopher Solomon has gathered information on ten homes with silly low prices. If these home prices were a limbo stick placed at a height that represented just how low home prices have dropped, you’d have an awful time trying to shimmy under it.

But don’t take my word for it; do the math your self.

• A $10,000 home requires a 10 percent down payment ($1,000), leaving
• A $9,000 mortgage at a fixed rate of 3.93 percent over 30 years, for a
• $45 monthly mortgage payment.

To put this amazing deal into perspective, I have bought an official Spalding NBA basketball ($95) that cost more than this home’s mortgage payments for two months! 

It’s true!  With home prices so low, and a plethora of home loan options to choose from, 2012 is the perfect year to buy a home!

To view the 10 homes under $10,000 for yourself, head over to MSN real estate.

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