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To: Ilaine who wrote (96334)	4/19/2001 2:18:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 436258

CB, it depends on the area. I know many areas where housing has become very unaffordable. Message 15688716 mike

To: Ilaine who wrote (96334)	4/19/2001 3:05:07 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 436258

>>. I'm not going to bother linking statistics to prove you are wrong, but you're wrong, nevertheless.<< glad to have you join "smoke blowers anonymous" ;-) you are correct that data needs to be presented and discussed to have a real discussion here. i look at what my dad paid for housing in 1968 and realize the home has appreciated over 35 times based on recent home sales in the 'hood. assuming an avg of 5% inflation, that should be 5 times. of course, seattle is a small rural area ;-) i'm not saying all homes appreciated that much. however, we're talking 7 times a 5% assumed inflation rate. i purchased a condo in 1992 in kirkland, wa. it has doubled in 9 years. rather than a high end home like my father, it was a small 2/1 condo - the other end of the spectrum. these are two examples of a low end and high end home steam rolling wages over 2 different time frames. funny thing is, a condo just like it sold for about 30% less than we bought ours 1 year earlier. that makes a about a triple for folks that bought in 1991. this, too isn't representative b/c we felt some msft spillover. that doesn't mean it is entirely without meaning, though. I saw homes in the bay area go up 300%+++ in 6 years. the same model home i purchased in so-cal (barely b/c it was expensive to me!) recently sold for 50% more than i paid leas than 3 years ago. real stories of housing blowing inflation and wages out of the water appear to be the norm (on the west coast at least). so much so that we are in the range of obscenely crushing wages and inflation. mike has his own story. granted, all this is anecdotal evidence. the fact that every person i talk to believes housing was less expensive relative to income 30 years ago is also anecdotal. i'm sure there are some exceptions. just enough to prove the rule. i will look for "official" data. i would be interested in seeing yours. i'd also be very interested how many older folks on this thread believe that current comparable housing costs take a smaller proportion of income (specifically, buying power) than 30 years ago. you say yes. mike and i say wrong. let's see if we can gather more anecdotal evidence from less "interested" parties. at least, until we get all that data you have stored up ;-)