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Politics : Ask Michael Burke

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To: Ilaine who wrote (45050)1/30/1999 1:47:00 PM
From: Bonnie Bear  Read Replies (1) of 132070
 
CB: the housing market and job market is as bizarre as the stock market in silly valley. I have a lovely older house, about 1400 sq ft, vaulted ceilings and fireplace, the lot is smallish but there's a big deck onto the city park, there's a nice pool and all kinds of sports courts and community center maintained by the city. And I'm walking distance from 250 corporate headquarters, a few malls and a community college. I can still find houses in this tract for 250K, after-tax for an engineer that's equal to $800 a month rent. People are paying fantastic premiums for "new" and they will pay $750,000 for a house in a school district where the SAT scores are 20 points higher or $2400 a month rent for new apartment.
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