The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (8900)	2/14/2003 6:58:09 PM
From: Skeeter Bug	Read Replies (2) of 306849

Families don't have to have two incomes to own a house, families have two incomes and that pushes up the price of houses. thank for eloquently making my original point. :-) ps - i didn't mean to imply women didn't "work," just that many fewer got an actual paycheck like today. more money creates more demand creates more expensive homes... VOILA! avg household income is now composed of nearly two wage earners instead of nearly one and housing has become less affordable to a single wage earner. bring one of those $27k families to san diego and see how much of a $300k starter home they can afford. yes, diego is cheap compared to some places in california. i'm sure other areas are less expensive... and for good reason. i learned a long time ago that it isn't the home that is expensive... it is the land underneath it!

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