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Housing: Rent or Buy in NYC

by Flexo

Gothamist answers this question: My parents are always bugging me about renting an apartment in New York City, saying I am throwing money out the window by renting and that I should buy a place... Continue reading this article… They’ve offered to help me with a down payment, but is it really a good idea? Janine Papp answers the ... Continue reading this article…

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Housing Market Update

by Flexo

According to the National Association of Realtors, Florida had some nice gains in real estate values between the fourth quarter of 2003 and the fourth quarter of 2004, but Las Vegas, Nevada is on top. Here’s the full chart.

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Fear of a Housing Bubble?

by Flexo

I always like articles about the housing bubble. Some people believe a crash is inevitable and some people think the economy can stave it off. This article and similar ones prove that no one really knows anything and people are just guessing. Everyone has an opinion and everyone’s sure they’re correctly predicting the future, but ... Continue reading this article…

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Extreme Money Ultimate Kung-Fu Challenge

by Flexo

Jeanne Sahadi takes the simple question, “How do you define ‘living within your means?’” and turns it into some kind of poorly-dubbed martial arts movie or strange game show (if you judge by the title of the article). Nevertheless, I agree her with her analysis of the above phrase: Ideally, I’d define living within your ... Continue reading this article…

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Location, Location, Location

by Flexo

Most expensive housing markets – Oct. 22, 2003 Here are twenty localities (ten at each end of the spectrum) in which I will most likely never live.

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Housing Bubble? Housing Investment?

by Flexo

Fool.com: Buying the Bubble? [Commentary] September 18, 2003 The author tackles with the question of whether there is a (national) housing bubble. He feels that there isn’t, but also notes that housing is not an investment. People should avoid thinking of it as one. It doesn’t provide income and any thoughts about future movement are ... Continue reading this article…

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Think Our Generation Has It Better Than Our Parents?

by Flexo

Are you worse off than Mom and Dad? This article upsets me. Salaries do not increase enough to keep up with costs of housing and education, which increase leaps and bounds over inflation. Even if you compare today’s two-income houseold with a one-income household from thirty years ago, today’s family can afford less. It upsets ... Continue reading this article…

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The Coming Crash in the Housing Markets

by Flexo

“It’s 1929 all over again,” said Talbott, a former Goldman Sachs vice president. “This is big Depression-type stuff.” This article visits a worst-case scenario that some people think the market may realize. Once again, the point is made that while the housing market has never declined as a national average, prices have certainly declined locally. ... Continue reading this article…

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