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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: J. P. who wrote (1954)	2/26/2002 5:32:22 PM
From: NOW	Read Replies (1) \| Respond to of 306849

oh well now you go and introduce value into the whole equation...what will it be next? LOL

To: J. P. who wrote (1954)	2/26/2002 6:38:45 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

J.P,re:"something wrong with this picture?". No, AG attests to that. Still no inflation, no wage pressure......no problem. N.E(Boston) is on the verge of not 'growing' unless it allows single family home houses 'multiple families'. There is a limit, to everything contrary to some suggesting otherwise. Have you gone to a party that never ended? $140000/year. Good luck. There are Millions if not billions of Engineers in China/India/Africa/MiddleEast/... will work for 1/3 of that. A H1B PHD is $30k/year , last I learned on the other thread.

To: J. P. who wrote (1954)	2/26/2002 6:45:44 PM
From: Steve Lee	Respond to of 306849

The thing wrong with that picture is a $300k home doesn't cost $3k/mth to finance. But yes, house prices are unsustainable.

To: J. P. who wrote (1954)	2/28/2002 10:46:08 AM
From: Patricia	Read Replies (2) \| Respond to of 306849

J. P. Got this from mortgage tables re $300,000 home. Cost of Home $300,000.00 Down Payment 60,000.00 Mortgage amt 240,000.00 Principal and interest ea. mo. 7% for 30 yrs. 1,596.64 Approx. taxes ea. month (3,600 per year) 300.00 Insurance per month 50.00 __________ PITI each month to own $1946.94 The breakdown of what the interest and principal is each month can be found here. list.realestate.yahoo.com $15,335.77 is what the first year total interest payment is which is used when preparing your taxes, and then the approximate amount of $3,600 for taxes(or whatever the amount is) is also deducted which brings the total of approx. $18,935.77 which can be deducted from your taxes. Hope this helps. EDIT: sorry this did not line up right for some reason