The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tradelite who wrote (5779)	10/2/2002 3:59:05 PM
From: fatty	Read Replies (4) of 306849

>It's easy to lose sight of the fact that many Americans still have good jobs and good incomes in light of all that is going on and going DOWN now, isn't it? The question is how many of these people are there and how many houses do they need? The average American looking for a $500K house probably have the following qualifications: 1) 4-years of State U education with a 3.0 GPA 2) 10 years of working experience 3) holds a senior engineer/accountant/analyst or lower to middle management level position And they are easily replaced by: 1) imports from India 2) hard working and ambitous fresh grads If the housing market didn't go through this madness, the $500k price level is reserved for established doctors, lawyers or VPs or directors. Most of the people I know won't make the same salary in their next job if they should lose the current one.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next