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Real Estate Briefing - Categorized | Market Moves, Mortgage more

20 most expensive and cheapest markets for foreclosures

Posted on 06 March 2013

There’s a reason it’s often the privileged who are flitting off to beach homes along the sandy coast of California: It’s really expensive to own a home near the ocean. (Location, location, location comes with a high price, after all.) So you think you’d be able to afford the same lifestyle if you bought a beachside foreclosure instead? Well, sure, it’d be cheaper — but it’ll still cost you double or more the national median home price.
Yes, foreclosures are often sold at deep discounts, but in the most expensive markets for foreclosures, the money you’d spend on a distressed property could probably buy two non-distressed properties in most other markets………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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