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RE: Is Real Estate in Key West Overvalued?
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