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In Camden, New Jersey, Bob discusses the option of purchasing a home under a land lease agreement as a compromise between renting and traditional homeownership. He proposes buying a modest two-bedroom, one-bathroom home for around $100,000, which he can pay for upfront, avoiding a mortgage. However, he would incur about $800 monthly for the land lease, likening it to a homeowners association (HOA) fee. Bob views this arrangement as a middle ground, preferable to renting at $1,500 to $2,000 per month, and a more affordable alternative to acquiring a traditional home.