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RE: Is Real Estate in Key West Overvalued?
That seems like a lot of money for a house, but then again, it seems like the prices are sky high everywhere. It sucks. It makes it much harder for young families to start out because housing is so much. Yet everyone says you're supposed to shackle yourself with all that debt, and don't even worry about the prices. It's nuts. Just my opinion.
It does seem backwards! I mean, the banks were the ones that created the idea of mortgages in order to fatten their pockets. It almost makes more sense to rent in a lot of markets
That's pretty much where we're all at right now. If you don't own a house, it doesn't really make sense to get one in a lot of places because the prices are so freaking high. Who can afford that? That's another story though. :P