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Kevin O’fleay says, forget the old bedroom, 2,500 square foot for $ 1.2m-now paying that at trailer home in California

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Urvice Kevin O’FEARYknown as “Mr.” From TV Show “tank Tank,” you are clearly talking about the state of the American Housing. Businessman and investor recently from FOX business and submit to X to share his unchecked Vision at Local Prices, especially in California, Texas and Florida parts.

“There are three obstacles now,” said O’eley. “Obviously, loans is no. 1, has been purchased by driving [decision]. But there are two other things that come out of the outside, especially in places like California. They are insurance and tax. “

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He explained that when you add insurance premiums to increase and higher local taxes in stakeholders, housing access takes great beats. “Access to the floor of approximately 40%,” he said. “In other words, you have to buy a house with 40% slowly footage and pay the same amount in.”

For many, that means the dates of buying a normal family home is over. O’fleary painted a solid picture: “That means a classic-belcoma vegetable, 2,500 foot square you may receive $ 1.2

“That’s a big part of the market,” add. “Similar problems in Texas, the same issues in certain parts of the Florida. I watch this as Hawk because I am a major investor of properties.

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California directly, blamed the growing insurance difficulties. “I mean, honestly, if not an earthquake, flood. Now you have found a fire.”

O’fleay’s concern reflects the broadband disease with many potential investors. With insurance companies that issue high-risk providers and taxes, available income from middle families.

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