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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (23106)	5/8/2005 12:14:55 AM
From: The Wharf	Read Replies (1) \| Respond to of 81186

>>Newer Release C.A.R. reports California's Housing Affordability Index falls three points to 18 percent in March The minimum household income needed to purchase a median-priced home at $495,400 in California in March was $115,910, based on an average effective mortgage interest rate of 5.81 percent and assuming a 20 percent downpayment. <<There is probably as simple way of figuring that one out 18% are making over 115 I ma too tired to do it now as there is an unknown of one or two incomes. Searle I am unable to understand how so stats are wrong somewhere or we have mortgage lenders looking like Enron. The other thought I have goes back to cap gains and numerous people within pyramid type thing that they don't even know they are in. Searle excuse the we it just that when you look at over 6M you are getting a lovely home in a very nice area. For about 700K in the valley you are looking a decent area but small home Brentwood 1999 very nice home 1,4 Now it looks like about 5M. To me it seems we are all top no bottom and it is not possible in my books. I am tyring to short it Searle but that too is a problem as many of the mortgage holders are International