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As a real estate speculator, you are planning and able to buy a house that costs $ 2 0 0 , 0 0 0 ,
As a real estate speculator, you are planning and able to buy a house that costs $
borrowing the full amount with no money down with the goal of selling this same property in
exactly one year. Mortgage interest rates are and the expected increase in housing
prices is All rates and percentages are annual values.
What is your expected capital gainloss when you flip the house in one year?
The expected capital gain or loss is $
Round your response to the nearest dollar.
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