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URL:  http://boards.fool.com/325-for-an-800000-fha-loan-with-20-down-30645189.aspx

Subject:  Re: I like it! Date:  4/20/2013  3:58 PM
Author:  warrl Number:  421060 of 527805

3.25% for an 800,000 FHA loan with 20% down. 800,000 is about the median price in my neighborhood, which is mostly populated by middle class people.

$800K middle class? Dang, ya'll are rich people! I didn't think rich people were the ones the FHA loan program was designed to serve, but what do I know?


Some years ago I noticed that, at that time, the typical listed price of real estate in Seattle (over 6,700 people per square mile) was about the same as the typical listed price of real estate in Mineral County, Montana (county population: about 4,200).

The difference is that in Seattle you got a house on a postage-stamp lot. In Mineral County you got a larger house, a few outbuildings, and a few hundred acres of land.
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