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“You have to take advantage of these low prices and low rates,” he said. “It’s by far a better place to park your money than in a bank.”
Blackwell, the school secretary from Oak Grove, agrees that her family’s decision to buy now had everything to do with a renewed sense of confidence in the market. And with interest rates near all-time lows, they were able buy their cottage within their $175,000 to $225,000 budget with a home-equity loan.
“I love having a cabin and looking forward to Memorial Day weekend and the 4th of July week. It’s a special thing,” she said. “And we’re already seeing prices going up, so I’m so glad we bought when we did.”
Jim Buchta • 612-673-7376