Detailed text transcripts for TV channel - CNN - 20100407:18:40:00
Basis pay $2,900 for the house. you put 20% down and your cost of owning the home over 30 years, just over a million dollars. move forward to last year, 2009, look at how the home prices have come down, it was $576,000 then. let's do 2009. all right. come on. i'm going to bring you out. bring out 2009. i think our tv is broken. okay. well, let me show you. there we go. there we go. i knew i could bring my magic to work here. the median price of the house is almost -- it's more than in half. your down payment which is still 20%, substantially smaller, $49,000. your interest rate, much lower las...
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