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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (295487)	7/23/2006 7:28:01 PM
From: tejek	Respond to of 1572099

Eduardo Duarte is 36. He makes $30,000 a year working in a grocery store. His dream: a two-bedroom condo, which would have enough space for him and his young son. It's almost within reach. He's saved and scrimped for two years and has just been approved for low-income housing assistance. "When you rent, you don't have anything," Duarte said. "When you buy, you get tax breaks. And then you can sell the house and get the equity." What about all the forecasts of doom? "After five years, houses should be going up again," he said. "You've got to be patient." Ultimately, this guy is right but for those who risked everything and became speculators in places like SD, there will be a lot of pain during the interim.