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

To: Amy J who wrote (14112)	10/2/2003 10:18:57 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 306849

hi Amy J, Thus, your comparison about the Indian engineer being "richer" than avg worker by a factor of five, is not a normalized comparison, so statistically is invalid. i often wish people who didn't understand statistics wouldn't talk about them. but that is probably like wishing for a global minimum wage. And the middle class can barely afford a place to live - property costs around $400k (USA dollars) for a middle-class lifestyle in a large city in India in a good area. that is hilarious. where do you get this stuff? is this the kind of talking point one would use to dissuade a prospective job exporter from making a trip to New Delhi? it doesn't cost 400K to live in a middle class neighborhood in 99% of the US, even after the housing bubble. so a middle class house in India, according to you, would require the person making the average wage there 833 YEARS to pay for, assuming they paid 100% of their wages with zero taxes and zero interest. for perspective, the equivalent American middle class house price, as a multiple of the average wage, works out to more than $33 million. i'll have to remember that one, thanks for the laughs (i know you couldn't have been serious).