Bill Ackman of Pershing Square on CNBC Squak Box this morning, “The effictive cost of owning a home has never been less.” He went on to say later during the interview, “A lot of retirees, it’s a great time to go and move to Arizona [or Florida] and buy an incredibly cheap home.”
The full 13:50 interview with Bill Ackman. His comments on housing can be heard at the 6:30 mark on the interview.
With Baby Boomers retiring at nearly 10,000 a day the engine that drove the US Economy for the last 40 years is now shifting gears and preparing to live a different lifestyle. Visit The Fine Homes Team site to see what is available.