Black Money Business Jobs : Home prices 'extremely overvalued' in 53 cities

Discussion in 'Black Money Business Jobs' started by panafrica, Aug 17, 2005.

  1. panafrica

    panafrica Well-Known Member MEMBER

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    http://www.usatoday.com/money/economy/housing/2005-08-16-home-prices-usat_x.htm
     
  2. kente417mojo

    kente417mojo Well-Known Member MEMBER

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    Everything in Cali is over-priced. That's why I'm out of here in 2007. The average price of a house in Los Angeles is $450,000. These aren't even top-notch houses. These are everyday people houses. I don't know why people stay in Los Angeles, but I'm not going to be one of them. My dream is not to spend more than 50% of what I make just to keep a roof over my head and the utilities on.:peace:
     
  3. panafrica

    panafrica Well-Known Member MEMBER

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    New Jersey is just as bad. The cost of housing is going beyond the average American's ability to afford. That coupled with rising interest rates is going to eventually bring the cost of housing down.
     
  4. KWABENA

    KWABENA STAFF STAFF

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    UUUUUUUUUHHHHHHHHOOOOOOOOOOHHHHHHHH!!!!!!!!!!!!!!!

    The Predatory Lending monster is coming back!

    CD
     
  5. Therious

    Therious Banned MEMBER

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    when i moved from cali i was amazed at the low cost of living in the south. i mean i prefer the state of mind of california over the south but dam i can rent a nice pad for like $500 bones a month, or buy a decent crib for like $150 g's even cheaper than that. here in va $450,000 will land you three times that LA one level, no yard, ant infested, project by a different name house.
    i do miss cali though.
     
  6. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Overpriced? Great!

    Find a way to profit by either short selling or buying when the market collapses. Potential for profits there.
     
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