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: Micawber who wrote (49378)	3/3/2006 10:56:35 AM
From: mishedlo	Read Replies (3) of 306849

That analysis is flawed. It now takes two incomes to buy a house. It used to be that one wage earner could buy a house. If he/she lost their job the other person could usually find something to help out Now the shit hits the fan if even one out of two lose their jobs. I am also not sure if that report factors in property taxes and other things (heating) etc. I do not remember. Whether it does or not it is hugely suspect. I read the full article at one time and I think it was way off base. Mish

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