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Old 11.01.2017, 19:47
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Re: Mortgage tips and risks

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Yes I would like somebody to explain to me this 11%. Mind you, that the average is 11%, but in New York it's only 5% and in Detroit it's... 25%. I checked this data on a different website and it looks legit. It needs to have something to do with their regulations. I have seen that they have property tax, which can even be 2%.
Annual property taxes are huge, 2% or more not unusual, so possibly 3 times the mortgage cost in CH.
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