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

To: Tradelite who wrote (37495)8/10/2005 4:41:00 PM
From: shadesRespond to of 306849
 
So you are like that robert deniro character in the movie Brazil - how are they going to track you? RFID, paperless society, smart cards, ankle bracelets, etc etc - many new technologies are coming for you citizen. Rejoice with all the friends of slashdot who embrace thier new overlords!



To: Tradelite who wrote (37495)8/10/2005 5:37:30 PM
From: mishedloRead Replies (1) | Respond to of 306849
 
A lot of people buy homes with money that isn't income--it's savings, or inheritance, or gifts, or equity from past homes.

Define "a lot of people" and put a %age on it for us.
Then tell me what %age of the remainder can afford the house they buy.

Actually the stat I want to know is what % can afford the loan they take out.

Mish


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