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As quoted in the article: “The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary.” I had never head this before, and it seems like a rarely followed rule.
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This is good news for Austin, where startups are king.
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I saw this in a PowerPoint presentation. The following six slides were lost as I tried to say this really fast 10 times in a row.
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Bernanke listed no individual stocks or corporate bonds among his holdings. No liabilities were listed, either. - I like his style.
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