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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (45565)	2/3/1999 12:13:00 PM
From: Bonnie Bear	Read Replies (3) of 132070

MB: curiously, the fed model is OK if you live in a rural area, it's nonsense if you live in an urban area. I can still find quite nice houses for sale for $50,000 or less in small towns throughout the pacific states and canada..same house sells for ten times the price in prime urban areas. The numbers say that it takes $100,000 a year in silly valley to be equivalent to the guy that makes $45,000 where I went to high school. So in a sense the feds are setting the numbers for the lowest common denominator. I have friends who took huge cuts to pay to move to less costly areas, they found their real personal income was much higher even though their salary was much lower.

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