For example, a $300,000 30-Yr FRM home purchased in 2000 with a monthly payment of $2,365, you can buy a $500,000 home for the same monthly payment!
Purchased a $300,00 home in 2010? You can buy a $375,000 home for same monthly payment you make now.
Did you finance with a 5/1-Yr ARM? If you purchased a $300,00 house in 2008, for the same monthly payment, you could move up to a $425,000 home!
*monthly payments include P&I, Taxes, and Insurance