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Reply to "My friend’s home in Palo Alto tripled in value in 10 years!"
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[quote=Anonymous]I bought a house in Shaw for $150K in 1997. I sold it in 2003 for $540K. When I bought it I was eligible for a program for first-time homebuyers where I only needed 3% for a downpayment. So I bought it for $4500 down. I made a profit of $390,000 on an investment of $4500 in six years. [/quote]
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