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January 7, 2020, 1:55 PM Chill Regular-ass Post

With median home prices in cities like New York and San Francisco hovering around $1 million, some first-time buyers are choosing to remain renters in their home city and they’re buying a vacation property in a more affordable area instead.

We’ve considered doing this. Why buy a home in an area where you have no intention of living permanently? It’s just a liquidity trap and a huge risk.

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