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Lessons learned when first-home dreams fade (The Charlotte Observer)
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| My first investment was my worst investment. My husband and I bought our first home in 1979 for $62,000. We sold it in 1994 for $57,000. It's not supposed to happen that way. But our house was in Houston, a city that lives and dies by oil. We bought the house as oil prices were beginning to rise, saw its value soar as oil skyrocketed and watched it crash as oil slipped and stagnated. In the last ... |
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