The Epic American Credit and Bond Bubble Laboratory 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 Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (45081)	11/8/2005 2:28:48 PM
From: loantech	Read Replies (2) of 110194

Not true mish. I am using my exact home that I can retrieve records on. It sold in 1970 for 20,000. Now it sells for 210,000. It is 1200 sq ft. 3 bd 1 ba. I am comparing it to the home I grew up in almost identicle in size and a 3 bd 1 ba. So use wages from the graph I gave you for 1970 =1970 6,186.24. Wages in 2004 average = 2004 35,648.55. Wages have gone up 5.76 times. The house has gone up over 10 times. It is the exact same house now as in 1970 except the carpet was brown and orange when we moved in now it is lite beige! Neither home had marble, air, two baths, big screen etc. Hey I may be a noodle head <g> but I know a few things. I am comparing average home sizes and prices. Just like that scale on wages is for an average. Yes the average was 33,000+ in 2004 and yes some people make a 100K or more a year. I can see the differences.I am not making my argument fit the prices I am using average prices and sizes for the same house. If I were to use the homes you and darfott are using maybe I better use a price of 500K instead of around 200K?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next