Friday, July 08, 2005

Middle Class Priced Out


“A growing number of homeowners are realizing they can no longer afford to live in their home even though they’re “mortgage free”! The conservative sane homeowner who purchased a home over five years ago and refinanced a 30-year mortgage – without taking money out - is now stuck paying higher inflated taxes. Indeed, the home’s value hasn’t really gone up because the price and the cost of everything associated with maintaining it is spiraling out of control. In a very real sense, as the house price rises, the value is forced down because it becomes so much more expensive to pay for the darn thing!”



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