Quote:
Originally Posted by Rochard
When I bought the house, that was the going rate. It was either pay the price or live in a hotel.
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They don't have rentals there? It should have been obvious to everyone it was a bubble. The fact that I was offered a no money down mortgage in my early 20s with what I considered to be little income was all I needed. That and the two bedroom condo I was renting was getting $950 in rent, but the mortgage would have been more. After I moved out it went on the market and sold for $225k. Plus the new owner had to pay the $200 monthly condo fees that were inclusive in my rent.