Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (113111)	5/28/2000 1:30:00 AM
From: TimF	Read Replies (1) of 1574275

OT These are not measured in CPI, but in some parts of the country, namely NYC and SV, the housing costs can make up 1/4 to even 1/2 of disposable income. If the prices of the same houses / apartments double in 2 to 5 years, what is the resulting inflation? (Hint: It's not 3%) The rising house prices (combined with rising morgage rates) has hurt me. Houses in Northern VA are not as expensive as NYC or SV, but the three bedroom townhouses that I was looking at a few months ago for about $125k are now $140k. And that is the listed price, they tend to sell for above that. One house was listed at $112k I bid $120k and it went for over $150k. With the new prices and higher rates I wonder if I will qualify for a morgage. I might need to count on AMD going up so I can make a larger down payment... Tim

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