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Good thread.
Home purchasers can pay 1, 2, or 3 times the price of a property in interest alone. All of that equals time spent working indirectly for the bank.
I think the overall cost should be a factor as well, along with inflation(works in the buyers favor over time), local values, continuance of salary, need for insurance deductions, and desire to remain in the locality.
There are a lot of senarios as to how a piece of RE can affect someone's lifestyle.
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