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Housing Bubble Caused by Greedy Capitalists?
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<blockquote data-quote="DELACROIX" data-source="post: 5300744" data-attributes="member: 49065"><p>It is all location, location and location...bought a house 12 years ago for 179,000, current valued at 280,000. Paying 765 principle and interest, property tax 2,500 a year... 20 miles from a major city.</p><p></p><p>1800 square foot 4 bedroom, 2 full baths on 3/4 of an acre with a 1500 square garage/studio ...makes that listed California house look like a starter home. </p><p></p><p>How can people afford a over 9,000 a month mortgage payment... forget about the property taxes and insurance...</p><p></p><p>I just don’t get it...</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5300744, member: 49065"] It is all location, location and location...bought a house 12 years ago for 179,000, current valued at 280,000. Paying 765 principle and interest, property tax 2,500 a year... 20 miles from a major city. 1800 square foot 4 bedroom, 2 full baths on 3/4 of an acre with a 1500 square garage/studio ...makes that listed California house look like a starter home. How can people afford a over 9,000 a month mortgage payment... forget about the property taxes and insurance... I just don’t get it... [/QUOTE]
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