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

To: Elroy Jetson who wrote (63496)	10/8/2006 10:38:47 AM
From: Jim McMannis	Respond to of 306849

In FL it held true until about 1979.

To: Elroy Jetson who wrote (63496)	10/8/2006 12:17:03 PM
From: Broken_Clock	Respond to of 306849

That is true elroy. I remember buying my first house in 1975. I worked for $5.50 hr and one weeks paycheck covered my house payment with a tad left over. I only put 10% down through a local bank because the job was considered very secure. Most of my friends would not buy because they : didn't have the down payment; didn't wan t the burden of owning a home; liked the freed om of renting Once inflationary times arrived in the latter 70's then a move to buy became more in vogue.