I wouldnt say they are doing ok?2000/2012National average...

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    I wouldnt say they are doing ok?

    2000/2012

    National average property price: $132,000/$293,000
    Weekly profit: $40.77/$90.50
    Profit year 1: $2120/$4705
    Profit over 25-year span of loan: $33,540/$74,450


    So 80% loan of 293k is approx 235K...they are making $4705 a year..profit

    If you put $235K in the bank at 4% interest you would make double that...

    Am i missing something ????
 
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