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I kicked around selling my house here in Phoenix six months ago. At the time, it was worth about $430k. Decided to rent it out instead. Comps showed rent at about $2200/month. I posted it at $2600 and had a deposit 4 hours later. Today, it's probably worth $530K. It's a hillside lot which is fairly sought after so bidding from Californians could easily take it higher. I paid $202k in 1999.
California plates are everywhere here now.
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Lee
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