Not to beat a dead horse here or anything, but you should know by now that mortgage rates are crazy low. They’re not at record lows like they were last month, but they are still insanely low given how high they were last year at this time. Combine low mortgage rates with home affordability being slightly lower than the record set last quarter, and you’ll be surprised with some of the numbers you can find.
The New York Times ran a great story a few weeks back that I just found and wanted to share here.
It’s about how much home you get for your money. And by money I mean $1.6 million of it.
Of course, all of the homes are pretty darn nice. There is even a slide show on the article that shows just how nice the homes are. I’m actually happy they all are pretty nice.
It would be disconcerting to me if I found out that $1.6 million didn’t buy you a very nice home. The world would be out of balance. But it’s ok. They are all pretty sweet cribs.
The article looks at three homes. One in Salem, Massachusetts, one in Denver, and the third on Sullivan’s Island in South Carolina. I’ve heard Sullivan’s Island is pretty nice. I think my brother’s family vacationed there a few times, if I’m not mistaken.
Anyway, check out the article. Check out the pictures. Check out what you can buy for $1.6 million. With today’s mortgage rates as low as they are, you never know what you can afford!
Would be nice. Read the full article to find out just how nice it would be to own one of these babies.