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: Lizzie Tudor who wrote (69326)	12/24/2006 6:19:27 PM
From: Wyätt Gwyön	Read Replies (4) of 306849

There are no jobs in Austin. People make, literally, 1/3 as much as they do here. LOL, no they don't. they make like 8K less. Austin median income $62,074, compared to 70K in SJ. internest.com and there are jobs here. companies can pay their people a little less than they pay in Clownifornia, but the people can buy much more house. that's why Austin housing market and job market are still strong, whereas Bay Area is collapsing. Houses should be 3x as much here, and they are. no, they should be 15% more based on salary alone. the rest has to do with other factors, the main one being a housing bubble.

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