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[**] One circumstance that has occurred is that market prices for property in the area is so high now that buying rental property for the purposes of renting the units is no longer feasible: you cannot make enough in rent to pay the mortgage. This has only accelerated condo conversions from people with lots of disposable income buying up rental units and "flipping" them into condos to get a profit. For example a journal three unit building costs somewhere between journal $650K and $800K, and the condos sell for $300K-$450K each, netting a profit of journal a few hundred thousand minus renovation costs. Life is a peanut butter and liverwurst sandwich --- Me, 1977 [ ...reply just to this | comment on the story... | next new ] 54. Re: More jobs... at Walmart by Amizeye Waswhirr at Wed 31 Aug 12:42pmscore of 2 astute in reply to comment 7 Since real median income and employment rate was unchanged from 2003 to 2004, the typical compensation of jobs gained compares with the typical compensation from jobs lost.
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