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: GraceZ who wrote (37894)	8/14/2005 4:18:51 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Grace, I love how you spin it. Many expensive services are housing related except education, medical and auto related which are also outrageous. However, to me all the components of housing when you add costs of house from inflated prices as multiple to income,RE taxes, insurance, maintenance, repair and reserve for replacement (of pools, appliances ect.. that few if any had back then), plus furnishings in total should overwhelm any current buyer in a bubble market. You are talking 50-70% of gross income these days even with these ridiculously low mortgage rates. I don't see any comparison of today to the days of Lucy & Ricky or Ralph Cramdem. Most people base their spending patterns and retirement hopes on their house these days. Back 50 years ago it was just looked on as a place to live and a depreciable asset. Today we have prices, RE taxes and insurance that have probably doubled in 3-4 years. Most of the toys and gadgets of today that did not exist back then that you allude to are dirt cheap in the whole frame of things in large part thanks to China.