Detailed text transcripts for TV channel - CNN - 20110402:13:35:00
Because this market is going to slowly move up, slowly. >> definitely at least five. >> slowly. this is going to be slow. >> do you have 10% to put down too? that's very clear. and in some places you need more than 10%. in some places where you're getting a bigger loan. this is going to be one of the reasons why the house as an asset is not like gold or a stock. >> not at all. and housing over time, if you buy it, the average period appreciates about 3% a year. a little bit more than inflation, maybe one point more. and that's good. that gives you a nice nest egg return coupled with the saving...
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