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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (8799)2/10/2003 12:43:05 PM
From: Skeeter BugRead Replies (1) of 306849
 
**Since 1930 US income has increased about 3.0% per year more than inflation. Real estate prices have exactly matched this increase in income.**

elroy, please don't disregard the importance of the shift from a single wage earner to two or more wage earners per family.

if one was to compare re increases to the wages of the average SINGLE wage earner, re increases have been far greater.

the trick is to use "family income" when family income used to typically mean one person and now it typically means two persons.
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