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This is my street. I'm feeling kind of left out. Maybe I should put up a "for sale" sign.
Oh wait, I rent!
Suckers!
Let me explain. These poor bastards paid somewhere around $400k for these 1600-2100 sqft boxes. Boxes that rent for about $1400. The basic rule-of-thumb, in a non-bubble market, is rent times 150. That's about $200,000. They're hosed.
1 comment:
People should read this.
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