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Old 02-19-2006, 01:48 PM   #1
jims69camaro
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Join Date: Aug 2004
Location: 08721-1716
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Exclamation how do people do it?

i just did some research on my neighborhood and the home values, etc. here in my town. the average home sale for the past three months is $244,000. we're talking your basic 3 bedroom ranch layout and up (4 and 5 bedrooms with two and a half baths are upwards of $850,000).

a house just like mine sold at the end of november for $317,000.

now, get this, the median income is $57,000. how the hell are they affording homes like that for with such low incomes? you have to figure they've probably got at least one car loan or lease, most likely two, plus taxes, insurance and utilities. i can't get my mind around it.
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