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


To: Wyätt Gwyön who wrote (69332)12/24/2006 6:33:51 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
this is what you said. Sorry if I misinterpreted you.

It is now perfectly possible to get a mortgage for six times your income

well, they've obviously got a lot more upside. the California average is around ten times income.

Message 23128387



To: Wyätt Gwyön who wrote (69332)12/25/2006 12:26:38 AM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
where do you come up with these things?

Simple, I take the high tech community that I am familiar with and look at what the top companies are paying their workers. I look at the grade level that silicon valley companies are compensating their engineers with stock vs. what Dell is paying, Motorola and all the other companies whose largely manufacturing hubs are in Austin.

Why don't you do a little checking yourself.

How many LINE MANAGERS at Dell have 100K stock options? Almost everyone at that same level at cisco does. thats where these housing prices come from, not the mcdonalds differential that shows up in average wage computations.