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

To: Micawber who wrote (49378)	3/3/2006 10:32:15 AM
From: John Vosilla	Respond to of 306849

Thanks. Great site. Pretty much tells it all. Both the risks and opportunities.. Amazing some of the markets around me you need to pay more than double your income now to pay for your home since 2000 even with the much lower rates. Other places you need 20-30% less income now to pay for the median home..

To: Micawber who wrote (49378)	3/3/2006 10:56:35 AM
From: mishedlo	Read Replies (3) \| Respond to of 306849

That analysis is flawed. It now takes two incomes to buy a house. It used to be that one wage earner could buy a house. If he/she lost their job the other person could usually find something to help out Now the shit hits the fan if even one out of two lose their jobs. I am also not sure if that report factors in property taxes and other things (heating) etc. I do not remember. Whether it does or not it is hugely suspect. I read the full article at one time and I think it was way off base. Mish