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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 (45092)	11/8/2005 3:00:32 PM
From: loantech	Respond to of 110194

Mish, I have lived in this area for 15 years and 45 years in Oregon and the last 15 here in RE finance. I know what the average sales prices are. I don't know how many times I have to repeat that the house I am referring to that I grew up in is the same sq. footage and room count as the one I currently live in. I still think I am using average wages from the SS index that I think is accurate. As far as size and room count the average size has almost doubled over the years. That is why I am using two homes of similar size for the comparison and in the final case using wages and size for the same house form 1970 to now. So I am not comparing apples and oranges.As I said if you want to compare a 1200 sq foot house for 210,000 with one that is the current average of 1800-2000 sq foot I better up the price to about 280,000. Oh well enough bandwidth for now.