You cant only look at it in nominal price.
Mine foreclosed 680k bought it for 349k in 2010.
It sold in 7-21-2000 for 270k.
Lets say 20% down on 2000 purchase and only 15% down on mine:
270k 50k down 30 year rate at 8.21%.
220k loan at 8.21% is $1,646.60 only PI
Im at 3.875% with only 15% down no pmi after refi at $1368 only PI.
Payment, taxes, Insurance:
2000 buyer $1962(they even had 30% less taxes than me)
Mine now $1786.37
These houses rent for $2400-$2800. Not sure in 2000 what the rent was.
