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Politics : View from the Center and Left

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To: Lane3 who wrote (47557)	2/1/2008 8:26:40 AM
From: epicure	Read Replies (1) of 541925

There is no choice when the cost of everything has risen so that things are affordable only to people with two incomes. Things will cost what people can afford. When there is an influx of two earner households, soon the one earners will be priced out. tbf.org If you look at graphs of the housing market, you can see that there was a period of enormous inflation following the influx of women in to the world place. IMO this represents the RE market calibrating itself to the "new" earning power of households- unfortunately this leaves little "choice" for one income households, unless the one earner has a very good job indeed, of the family wants to live in a mobile home. IMO, some of the inflation we've seen in the stocks market is also due to the added income flowing from investment by 2 income families- and of course in retirement years, as prices meet the ability to pay of those households, couples who retire on one income will be a sever disadvantage. I don't see that as much of a choice. And if you "educate" people on their future poverty, most families will choose to have both parents working (as they already do). I'm not impressed.

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