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If The Taxes Don't Get You, The Rent Will. Also Gas Prices
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For years, we've seen stories about how people -- including a lot of Millennials -- are not buying their homes, choosing to rent instead to save money. What happens when, as in Southern California right now, rents are becoming too expensive? At least you can move out of state more easily if you're not tied down by a mortgage, but if people can't afford to live where they work, who are you going to get to work there? And why isn't the market being set by what people are willing and able to pay rather than what landlords want to charge based on what THEY paid for their properties? (Daily Breeze, Torrance)
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