Quote:
Originally Posted by Hemi-Cuda
it sucks for those of us who are looking to buy their first property. i'm single and only qualified for a $140,000 mortgage, which means that i'm priced out of buying anything in this city. when i first moved here in 2002 as a student, that kind of money would have gotten me a nice sized house with a decent sized lot. now it can't even get me the tiniest of condos
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We pre-purchased our condo one year ago for $129,000 and our contract had the price fixed with no cost escalation clause or whatnot.
The condo next door to us just sold for $264,000. Sheesh.