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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: copper000 who wrote (25959)12/14/2004 10:53:15 AM
From: flintRead Replies (3) of 306849
 
I would think a person making $30k buys a $10k car. THe ones making $90k buy a $30k car. But then again I may be cheap person.

Your house cost is the insurance cost to replace it. Look at your policy. If you make $50k I doubt it is over $100k

If you are paying 1/3 a year on an item that last 5 years. It seems 2 years on an item that will last you the rest of your life (40 years?) is a good deal.

The confusion of land cost to housing cost has cost many on this board their life savings.

Flint
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