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April 11, 2005
Oakland Couple Fighting for Their Neighborhood
Most times when housing prices go up and the neighborhood goes down, owners can sell and move to a better neighborhood. I think this is an interesting counterexample:
This couple mentioned in the SF Chronicle article below lives around Telegraph Ave. and 59th St, just south of the Oakland/Berkeley border, two miles southwest of the UC Berkeley campus. The article says they've lived there since 1994. They probably have quite a bit of equity in the house. The original deal they had with the city subsidized housing program probably required them to share 1/2 of any appreciation...
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Posted on April 11, 2005 05:25 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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