Another thing is, I do not know how hard it is to acquire nowadays a property for such low amount.

The deals I buy nowadays tend to be complicated, hairy and/or distressed properties (usually off market) or in one case a result of a yellow letter campaign.  

Nowadays (since the advent of NMLS), this is still true, except the broker must now also have a Mortgage Loan Originator endorsement on their license.

My thought is that for this reason, renters will be more plentiful, which is better for those on BP - some are starting to second guess the American dream of homeownership - renting may emerge as the "new normal" (to quote the new buzz word)I think there is something to be said for behaviroal economics and anchoring - but there is only so long a person will "settle" to live in a lower quality home, and in a lowerquality area before they realize they want to be living in a nicer place.Not to mention the macro-economic trends of population growth - that should help us all out.

You would need to be in the $500's nowadays unless you're buying cash.

It has to nowadays, right?

It will be developed into something else, just not with as big of a buzz word attached.

Often happens on hotel reservations too nowadays, especially on a discounted rate or booking site. 

For a few of the multi-familys and a couple commercial projects, I commisioned art murals by very highly professional muralists to do large blank walls both interior (like the middle landing on a switch-back staircase) and exterior... usually trompe l'oeil painted-on windows and architectural features that weren't actually there.It was always wildly well-received and created a bit of a buzz, having articles written with photos in the local paper, and we were chosen to do a special small but high-profile project that was on local cable TV. 

Nowadays everyone who has money and is looking to get good returns are private investors.