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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (45049)	11/8/2005 12:07:42 PM
From: westpacific	Respond to of 110194

The average size of the American home...... Disgusting, the joke in California is you can have a party WITH A BAND just in the master bedroom......... LOL West

To: mishedlo who wrote (45049)	11/8/2005 12:24:24 PM
From: loantech	Respond to of 110194

Read my message. Both homes very modest. I am comparing apples to apples. I do not have granite counter tops etc. Both homes were 3 bd 1 ba. Parents had 1 acre I live in town. Similar sq. footage. Similar types of improvements. You and darfott sound like you are trying to do hedonic indexing here. <ggg> This time you guys are wrong. If you think the cost of living has not gone up for the middle class vs wages the last 50 years well............................

To: mishedlo who wrote (45049)	11/8/2005 1:29:23 PM
From: loantech	Read Replies (1) \| Respond to of 110194

Year Index 1951 2,799.16 1952 2,973.32 1953 3,139.44 1954 3,155.64 1955 3,301.44 1956 3,532.36 1957 3,641.72 1958 3,673.80 1959 3,855.80 1960 4,007.12 1961 4,086.76 1962 4,291.40 1963 4,396.64 1964 4,576.32 1965 4,658.72 1966 4,938.36 1967 5,213.44 1968 5,571.76 1969 5,893.76 1970 6,186.24 Year Index 1971 6,497.08 1972 7,133.80 1973 7,580.16 1974 8,030.76 1975 8,630.92 1976 9,226.48 1977 9,779.44 1978 10,556.03 1979 11,479.46 1980 12,513.46 1981 13,773.10 1982 14,531.34 1983 15,239.24 1984 16,135.07 1985 16,822.51 1986 17,321.82 1987 18,426.51 1988 19,334.04 1989 20,099.55 1990 21,027.98 Year Index 1991 21,811.60 1992 22,935.42 1993 23,132.67 1994 23,753.53 1995 24,705.66 1996 25,913.90 1997 27,426.00 1998 28,861.44 1999 30,469.84 2000 32,154.82 2001 32,921.92 2002 33,252.09 2003 34,064.95 2004 35,648.55 ssa.gov Housing Share of Consumption and Relative Price Housing Share Rental Price Overall Price of Consumption Index Index 1951 13.9% 100.0 100.0 1961 16.6% 126.9 114.8 1971-72 17.4% 160.4 154.6 1982-84 25.2% 323.6 349.6 1993-95 26.8% 498.4 501.8 cepr.net Mish according to those stats wages have increase about 10 fold between 1953 and 2004. Home prices were about $5,000-$6,000 in 1953. I am looking for a link to prove it.If wages have gone up 10 times then houses should still sell for 50,000 right?? 10 times the 1953 price. But wait 2004 prices on average were no doubt about $150,000 nationwide. Still looking for links. Will follow up.

To: mishedlo who wrote (45049)	11/8/2005 1:54:50 PM
From: bond_bubble	Respond to of 110194

Mish, You are missing the otherside of what the Foreman does. Today Foreman probably has much higher output than 1953. Also, the quality of the output is going to be lot sexy etc. In short, his wages should also have gone up proportionally as did the housing prices!!! Also, probably, the output "size" has been maxed out as well to fit the "supersized" modern world!! So, as you argue that standard of living/housing has increased, so has the standard/quality of working. Also, one more thing to notice is that, in the first 20-25 years, the inflation only ate 0.5% more. In the second 25 years it has eaten 1.5% of purchasing power. All this happened because - the cost locally has gone up - because US started the printing press first. The chinese started it much late!! So, they are having the advantage now and taking all the jobs from US. Had US never printed disproportionately, this outsourcing would not have happened. Instead ALL the "productivity" miracle would have provided the corian kitchen, supersized homes etc for less than annual income!!!