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re: Where does the money come from to support home prices in Lakeview?
Posted on 4/3/22 at 11:21 pm to boxcarbarney
Posted on 4/3/22 at 11:21 pm to boxcarbarney
quote:
When I was a banker in Lakeview, it was normally young professionals who sunk every penny into buying a Lakeview home. Plus two new cars that are financed and maybe some kids in private school. All these people are cash poor and pretty close to over leveraged.
I worked in small town banking in the mid 1970s, same observation. It was always surprising the number of people that looked well off, but had little net worth. Guess things haven’t changed.
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