Watch You Can’t Afford to Buy a Home! Guess Where Real Estate Will Cost the Most video on DTube
Real estate has risen in price in certain cities. The only issue is that we have different scenario with incomes. These are falling further and further away from each other and it’s not going to stop. Hang on because this is the 2.0.
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In This Episode:
Where does it cost the most?
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Who Are the Geographic Influencers for Fraud Risk?
http://www.corelogic.com/blog/authors/bret-fortenberry/2017/08/who-are-the-geographic-influencers-for-fraud-risk.aspx
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Many people fall victim to gentrification. In many of the growing cities, exorbitant increases in property taxes are forcing people with paid-off homes out. The buyers tear down the old homes and build what are called elephants in their place; homes which look nothing like the surrounding properties.
The goal is to buy all of the old properties, and make the neighborhood spanking-brand new for the next generation of doctors and lawyers. This forces people who can't pay the growing taxes, seniors on limited budgets in a lot of cases, O-U-T.
So, if you're planning to stay in your home forever, keep saving. Keep an exit plan should need be; because with rare exception, the real-estate market is smoking mirrors. The end-goal for the wise is not ownership; but, money. The goal is the 'rich' negotiating with and against the 'poor'. The quotes represent smart business players vs. those wanting a guarantee to own something that's really meant to be 'ready for sale' at any given moment.
Godspeed.
Peace!
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