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true, but out here you're barely buying any land. Basically I can afford a condo, which was built on what used to be a single family home lot or is a converted apartment. Either way I think there is somewhat of a ceiling on the value of these...at some point no one can afford to live. Salaries haven't doubled in the past 5 years (at least mine hasn't), and I don't see housing prices here doubling again in the next 5 years. Not enough income to support it as far as I can tell.
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