Saturday, February 21, 2009

Buy a Home for Less Than the Cost to Build It

The CEO of Wells Fargo Bank was interviewed for an article in the San Francisco Chronicle recently.

Wells Fargo CEO is bullish about business

One sentence in the article jumped out at me:


"Lost amid the gloomy headlines are once-in-a-lifetime chances for consumers, including interest rates that are at a 50-year low and California homes priced below what it would cost to build them."

If THAT doesn't get home buyers off their duffs, nothing will!

Buying an existing home for less than the cost to build it is every home buyer's dream.

What are we waiting for?

Peggy