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

To: mishedlo who wrote (49384)	3/3/2006 11:25:47 AM
From: gpowell	Read Replies (2) \| 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 The report is consistent with my national housing price trend: i10.photobucket.com All the data I have reviewed or developed indicates that house prices since late 2005 fully reflect current conditions with respect to: buyers income, equity holding preferences, mortgage rates, expected inflation. BTW, two income families were a causal factor in home price appreciation up to 2000, i.e. women entered the workforce giving the family the ability to bid up home prices. But that demographic shift is complete.

To: mishedlo who wrote (49384)	3/3/2006 9:02:33 PM
From: Tradelite	Respond to of 306849

<<It now takes two incomes to buy a house. It used to be that one wage earner could buy a house.>> Hey....it took two incomes to buy MY house in the late 1970s. No way could I or my spouse have done it alone, even though we both had pretty good secure jobs...and not without a little cash help from parents, because down payments required back then were pretty high (20-25 percent), and mortgage interest rates were around 9 percent to 9.25 percent, and we paid cash for our cars and were just learning how to use credit cards paid off every month...... no loans or debts were in sight at that time (and still aren't after all these years)..... Don't take your info to the bank as an analysis of the current situation.