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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1475)3/11/2001 11:43:25 AM
From: AhdaRead Replies (2) | Respond to of 24758
 
homestore.com

If you look at each city they track the variance is huge between least affordable which is San Jose Area to most affordable. Macro economics which takes us back to micro economics and i think mini should apply in LA where figures state an 8 percent increase yet this increase does not even come close to the increase in my area.
Is this saying that only the high end of this economy is thriving? If my house has doubled in five years than someone else's sure has decreased to arrive at sum of a total 8 percent increase in LA in housing price.



To: GraceZ who wrote (1475)3/11/2001 1:43:52 PM
From: IlaineRead Replies (1) | Respond to of 24758
 
I wonder if the definition of "home" is detached single family dwelling? Because lower income people are buying townhouses now - at least around here - new single family dwellings are ALL McMansions, $400K and up.

We just settled on our refi. The appraisal is $30K higher than it was a little over a year ago - that's 12%. We took out $15K but the note stayed the same.


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