Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MSI who wrote (4917)	9/2/2002 11:53:39 PM
From: HG	Read Replies (1) \| Respond to of 306849

I did look around Tahoe a few times. The only places I like there are Zephyr Cove and the Incline Village...and good homes there are unbelievably expensive......900K upwards for a decent 3 bedder.... Land/home deal is too much work, but eventually, thats what may be the most do-able. Yep, the prices have gone up tremendously in the 90s. They've been kinda stagnant for the last 2 years though.... Also, the phenomenon you mention, current luxury at the cost of future affordability, well, its a global phenomenon. Industrial revolution never worked the way it was envisaged to work <neither did the womans lib!>. Mechanisation was s'posed to replace human work, thereby providing people with time to persue leisure activities. Never really did happen. It generated more work, albeit of a different kind. The last three generations have seen so much change, with increasing amounts of stress, its hard to imagine what the life of our great grandchildren would be like. But its a global phenomenon, and imho, US govt alone is not in a position to arrest the change. And anyway, people today are more materialistic than they used to be, so part of the reasons for decline in affordability in the future would be coz society is becoming too ambitious, people are becoming too engrossed in the rat race, comepetition. Simply too many consumer items (used to be cosidered as luxury items) are now part of basic living. Too many clothes needed merely to survive (my daughter who, apart from other stuff, bought 8 pairs of trousers today as a part of her essential back-to-school shopping spree). People seem to demand much more of life than our grandfathers could even dream of, and so, for us, it seems impossible to consider that a single income can make ends meet in todays world, and the fed policies of subsidisation, tariffs and taxation are not the sole culprits......imho, the govt now tends to provide more benefits than it used to do back then... oh well... Eeeks, I have become my grandfather !