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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (96358)	4/19/2001 2:35:51 PM
From: Les H	Read Replies (1) \| Respond to of 436258

homeownership is going up because the population is aging. 55-64 year olds have about 80-85 % home ownership. many of these people have second homes. wonder how that figures into their statistics.

To: Ilaine who wrote (96358)	4/19/2001 2:37:06 PM
From: Mike M2	Respond to of 436258

CB, no I define affordabilty as the number of hours worked to pay rent or mortgage. Talk to any old timer. Lets take Bridgeport, CT - not a desirable area 3 family homes that sold for $25- 30,000 in the mid sixties sold for $275k at the peak of RE bubble in 1987 now sell for $175k + - but some prices vary depending on the area. A 5 room apt. that rented for $90 -100 now rents for $ 675 -750 - same apartment - i know the owner. Bridgeport has been in decline for many years and has lost much of its manufacturing base. Talk to sold old timers. Ask Myth about Bridgeport -g-