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Joined: Dec 2004
Posts: 9,743
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 9,743 |
I wish I still had my first house, it was super cool. I'd started saving for it when I was 12, I just didn't realize it at the time but it wasn't long until I figured it out.
I was buying bicycles, fixing them up and selling them, I went through dozens. I quickly graduated to motorcycles. My parents encouraged me to buy US savings bonds with my earnings.
By the time I was 15 it was cars.
It was 1973 when I bought my first one, I'd cashed in a savings bond to buy it, I though my dad was gonna kill me. It was a 1965 Mustang fastback, it looked like hell but it was just dirty from sitting under some trees, I paid 25 dollars for it.
I cleaned it up and sold it, you had to be 16 to get a license so I never got to drive it..illegally.
It wasn't long until my parents front yard looked like a used car lot. They had to be muscle cars, the 60s was the era, there were a lot around in the mid 70s that sold for cheap.
By the time I was 18 it was inevitable, it'd be houses.
My bank sold me my first foreclosure, I'd never had a job but I had plenty in savings by then for a down payment. My go to teller at the bank when I'd opened my first account there at 12 was now the banks vice president, we had a working relationship.
He set my loan up so my first payment wasn't due for 12 months. It was a older home that sat under some big oak trees on a double lot that had a killer view looking over Tampa bay in what was then the sleepy little town of Safety Harbor.
I fixed it up and sold it in six months so I never even made the first payment.
I went through two to three houses a year after that, all of them being beat up POS.
I lived in a lot of places where only one room would be livable, if you consider room for a bed, a couple boxes of clothing and tools and room for a Coleman stove livable, a working bathroom was often a luxury.
It was 1980 before I had a home that sold in the 6 digit bracket. After that there was no looking back, it was game on. I'd still never had a job in the traditional sense.
Now, in 2021 the only things that have changed is the numbers. I've paused for a few years at a time here and there, even worked a couple part time, seasonal jobs but seem to always get back into it. I just can't pass up a deal where there is easy money to be made.
I guess the moral of my story is if you are willing to work hard and forgo some comfort and luxury, there isn't any reason you can't flip a few houses until you own one outright inside of 3 to 5 years.
I know the supposedly American Dream is the job, wife, house, family scenario. It can also be viewed as a rut the bulk of people willingly trap themselves in so they can spend endless years working their way out of it.
A couple months a year off to hunt a few different states and a few weeks here and there in the summer for fishing, camping and traveling has been rather sweet, I suppose it's not everyone's cup of tea.
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How expensive of house, and do you regret it?
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Full3r
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02/26/21
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Re: How expensive of house, and do you regret it?
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Old_Toot
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02/26/21
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smithrjd
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02/26/21
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dale06
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02/26/21
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rem141r
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02/26/21
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Hookset
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02/26/21
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TheLastLemming76
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02/26/21
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MPat70
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02/26/21
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TheLastLemming76
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02/26/21
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MPat70
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02/26/21
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AML
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02/26/21
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Remsen
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02/26/21
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Old_Toot
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02/26/21
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TheLastLemming76
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02/26/21
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MtnBoomer
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02/26/21
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Sycamore
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02/26/21
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MarkWV
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02/26/21
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Reloder28
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02/26/21
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gunner500
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02/26/21
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logger
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02/26/21
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kingston
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02/26/21
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AU7MM08
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02/26/21
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jackmountain
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02/26/21
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MtnBoomer
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02/26/21
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ipopum
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02/26/21
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Crappie_Killer
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02/26/21
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prplbkrr
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02/26/21
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Dillonbuck
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02/26/21
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Full3r
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02/26/21
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jackmountain
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02/26/21
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LoadClear
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02/26/21
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antlers
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02/26/21
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MM879
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02/26/21
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Re: How expensive of house, and do you regret it?
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LoadClear
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02/26/21
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blindshooter
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02/26/21
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ckat
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02/26/21
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ckat
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02/26/21
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taylorce1
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02/26/21
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Re: How expensive of house, and do you regret it?
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rem141r
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02/26/21
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SamOlson
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02/26/21
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Jeffrey
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02/26/21
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Partsman
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02/26/21
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2five7
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02/26/21
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high_country_
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02/26/21
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blanket
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02/26/21
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SuperCub
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02/26/21
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hillestadj
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02/26/21
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Burleyboy
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02/26/21
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Dillonbuck
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02/26/21
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SuperCub
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02/26/21
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Otter
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02/26/21
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MtnBoomer
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02/26/21
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BillyGoatGruff
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02/26/21
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KFWA
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02/26/21
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MM879
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02/26/21
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MtnBoomer
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02/26/21
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tzone
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02/26/21
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JeffA
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02/26/21
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SturgeonGeneral
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02/26/21
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deflave
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02/26/21
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EdM
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02/26/21
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CashisKing
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02/26/21
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MM879
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02/26/21
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Hogwild7
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02/26/21
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hanco
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02/26/21
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TimberRunner
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02/26/21
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killerv
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02/26/21
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ribka
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02/26/21
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Re: How expensive of house, and do you regret it?
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EdM
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02/26/21
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ribka
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02/26/21
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Spotshooter
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02/26/21
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rufous
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02/27/21
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CashisKing
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02/26/21
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Spotshooter
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02/26/21
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ribka
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02/26/21
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Re: How expensive of house, and do you regret it?
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MM879
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02/26/21
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Re: How expensive of house, and do you regret it?
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ribka
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02/26/21
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Re: How expensive of house, and do you regret it?
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MM879
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02/26/21
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Re: How expensive of house, and do you regret it?
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ribka
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02/26/21
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New_2_99s
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02/26/21
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ribka
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02/26/21
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Raeford
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02/26/21
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Windfall
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02/26/21
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Re: How expensive of house, and do you regret it?
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KFWA
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02/26/21
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Re: How expensive of house, and do you regret it?
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tzone
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02/26/21
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ERK
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02/26/21
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Rock Chuck
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02/26/21
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killerv
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02/26/21
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hillestadj
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02/26/21
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Whiptail
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02/26/21
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goalie
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02/26/21
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tzone
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02/26/21
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Windfall
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02/26/21
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killerv
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02/26/21
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AlaskaCub
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02/26/21
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jbmi
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02/26/21
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Dillonbuck
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02/26/21
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Burleyboy
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02/27/21
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Re: How expensive of house, and do you regret it?
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Snowwolfe
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02/26/21
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1minute
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02/26/21
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ingwe
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02/26/21
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Re: How expensive of house, and do you regret it?
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KC
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02/27/21
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Re: How expensive of house, and do you regret it?
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MM879
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02/27/21
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FOsteology
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02/27/21
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Clarkm
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02/27/21
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Re: How expensive of house, and do you regret it?
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TimberRunner
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02/27/21
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