Mortgage payments would soar to an estimated Â£1,400, almost double what the average homebuyer claims they can afford, should variable rates rise from 4 per cent to six per cent at the end of a typical two-year fixed deal.
Note that zip codes are a crude measure. The highest crime area in town 89109 actually has two completely different mechanisms...the huge number of tourist on the strip is one part and a very nasty area to the northern end the other.
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