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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (246693)	8/20/2005 2:38:43 AM
From: Amy J	Read Replies (3) of 1571398

Jim, You must live in Florida too : ) The housing part is seriously messed up in Bubbleland, CA and what's scary is this: "Home buyers get comfy with debt" `WE'RE THRILLED': 45% OF INCOME IS NOT UNCOMMON: By Pete Carey Mercury News mercurynews.com One out of five recent buyers have committed more than half their total earnings to homeownership ... Slightly over half of home buyers in the past two years spend more than 30 percent of their total income on housing, exceeding a level recommended PS Was also being humorous in my prior post - knew it would provoke a reaction to Bubbleland, CA. Thought the last line was pretty funny though. No, I'm not looking for sympathy since the example didn't apply to me. Though I would concur with Ten that $200k isn't much money in Bubbleland, CA where CNN reports the average home costs $1.1M.

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