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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (36385)	7/20/2005 11:28:51 AM
From: Jack of All Trades	Respond to of 110194

haven't had a chance to catch up on the thread but has anyone seen that min CC payments my double? creditcardsmagazine.com

To: John Vosilla who wrote (36385)	7/20/2005 1:06:36 PM
From: loantech	Respond to of 110194

Hi John, That is a tough question. About 16-17 years I lived in Santa Rosa and we wanted to buy like everyone else. We ended up paying much more than rent was costing us and it did not work out. We moved a couple of years later and sold the house at a small loss after commission. We would have save 1,000's by renting. Housing is very expensive in CA. But they do have the weather and many other nice things.Employment may be better than in a low cost area. But if we are in a bubble and they are wanting to hold a home for 5-10 years is now the time to buy? That is the 664,000 dollar question. The Northwest is nice but it is quickly losing it's low price status but comparable homes may still be 1/3 of the cost using the example for small ranches that CR had pointed out. $600,000 there vs $200,000 here. Tom