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Welcome to So Money, everybody. I'm Farneesh Karabi. It is Friday, February 25th, 2022.

Thanks for joining me here as we finish out the month of February. A funny story to share

a couple weeks ago. I went to an open house in our neighborhood because I'm that nosy neighbor.

And this home was a nice home. It had five small bedrooms, a small backyard.

But I can imagine someone coming from the city would love this home because there's definitely more

space. There is some grass. It's walking distance to downtown. So there is that for those city

dwellers, those former city dwellers that are missing that walking, biking, friendly lifestyle.

This home was priced about $450,000 above what the current sellers paid for it in 2017,

which equaled a 60% increase, 60% increase in the home's value. I looked around. It was cute.

I left the next day, the sign on the lawn said sale pending, which even for this market in New Jersey,

where homes do sell quickly, that was the fastest I've ever seen. Usually,

realtors will host a bidding day, a couple days after the open house. They want to get a feel for

how much interest there is. There must have just been so much fervent interest, emergent interest.

They just literally held the auction the next day or that night. Crazy. But all this to say that

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