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<p>[QUOTE=&quot;fatima, post: 1487646, member: 22143&quot;]These kinds of rents are common here in many areas.&nbsp; My associate owns a rental condo that was just tax appraised at $134K that is pulling down $1500/month.&nbsp; The difference is this area is on of the fastest growing in the USA.&nbsp; 25,000 moved into this county between 2010 and 2011 according to the census and since there is little new construction because people are scared to buy homes now. As a result rents have moved up considerably.&nbsp; Widespread economic depression elsewhere has caused people to move here looking for jobs.&nbsp; I&#039;m not sure why as there really aren&#039;t any.&nbsp;&nbsp; Badly written article on it;</p><p><br /></p><p><a href="http://www.charlotteobserver.com/2012/07/02/3356271/as-economy-improves-charlotte.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.charlotteobserver.com/2012/07/02/3356271/as-economy-improves-charlotte.html" rel="nofollow">http://www.charlotteobserver.com/2012/07/02/3356271/as-economy-improves-charlotte.html</a>[/QUOTE]</p><p><br /></p>

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