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  •  When you add in (0+ / 0-)

    the interest that 240 becomes larger . The home is 240  k cash , >240 on terms . So 6 years wages in cash .

    If I move to a place where I can buy a home cheap , can I make money ?

    "The fussy armchair jackboots"

    by indycam on Sun Aug 05, 2007 at 05:50:31 PM PDT

    [ Parent ]

    •  And that home (0+ / 0-)

      on redondo beach is not a 240 K home . That home today is more like a million . He got it for one years wages as a normal worker . If I wanted to buy that home today , doing the very same job he did , I would need a multi generational mortgage .  

      "The fussy armchair jackboots"

      by indycam on Sun Aug 05, 2007 at 05:55:14 PM PDT

      [ Parent ]

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