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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: reaper who wrote (7261)12/11/2002 7:10:20 PM
From: tonyRead Replies (1) of 306849
 
When people buy house they forget PMI, Insurance & Taxes which can eat up another 1.5 - 2% of purchase price.
>>may i suggest you start mailing me $1000 every month that i will hold for you and give you back in 5 years. you really should do it, 'cause you'll be better offant

This is important if she can save $1000/month then in less than 15 years she can buy house free & clear un less we have hyperinflation then all bets are off. I think RE has seen its peak. Real unemployment more than 8% as we do not count so called consultants, jobs moving to asia and now state's are starting to cut jobs which is NOT good.
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