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$125,000 Won't Buy You A Cardboard Box Here
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Here's a rundown of what kind of housing $125,000 will buy you in various U.S. markets, and this came up the other day while visiting friends in a smaller market. We live in the L.A. market, right up there with the most expensive, and we know that we could sell the house we have, pay off the mortgage, and have enough left over for, basically, a mansion, or at least a very nice house, in a smaller market in a low-tax state. The thought does cross my mind. But I don't want to do it, because I prefer living here. Still, economically, it makes sense. How about you? Are you thinking about selling and moving to a cheaper town? (Daily Mail)
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