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Old 05-07-2007, 03:26 PM   #22
FireFly
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I think that you're a bit confused though Nehkara. Rent can only go up so much before no one will rent anymore. Why would I pay $1800/month in rent, when I could own for the same amount? So there is a rent control in that aspect as you can now borrow your downpayment on a mortgage. It cannot go up exponentially for eternity. There is a limit to what people will spend on rent. If you can't afford rent, it might be time to look into shared housing. Get a roommate or something.
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