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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (176536)1/12/2009 8:04:24 PM
From: Dan3Read Replies (1) of 306849
 
Re: Newer 3/2/2 houses in Cape Coral now in the mid $30k range in MLS which is a price below what they were 20 years ago probably the steal in the entire country now for the retail buyer IMHO

What are annual property taxes and insurance? Is that what's keeping buyers away?

If you have to hold it for a couple years while paying out $25k/year in taxes, insurance, and maintenance, it becomes tough to do well even if you get a great deal.
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