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Reply to "explain to me the finances of owning a rental property in the OBX"
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[quote=Anonymous][quote=Anonymous]Factor in another 20% annually for maintenance and carry costs, and the fact that you can generally only borrow 70% at higher rates. But yes, if you're fine only vacationing in one place and don't mind the risk of tieing up a lot of cas[b]h in real estate that may not exist in 20 years, [/b]it can be very profitable.[/quote] Silly you, this area will exist in 20 years... the taxpayers will continue to be required to bail out these homeowners and allow them to rebuild, as many of them are DC politicians and lobbyists.[/quote]
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