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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (115217)	7/5/2012 8:05:07 PM
From: loantech	1 Recommendation Read Replies (1) \| Respond to of 116555

John in the early 50's my Dad bought an acre and built a home, a woodshed with an attached bedroom and a chicken coop, hand dug the septic and septic lines, and had a well driller come in. All for $5,000.00 He was making about 400-500 a month as a union shop foreman at a mine in Southern Oregon, the only active nickel mine in the US at the time so he made good money. His 1 year annual gross wages matched the cost of the home. With two people working in most families now and the median family income around $50,000: usatoday.com And the average home price around 190 K by averaging these regions: realestateabc.com Homes are almost 4 times as expensive for a family as in the 50's so IMO I do not see that tings are as good and I do not see long term improvement in sight for the average joe 6 pack. <cause in the end it really is up to you and the forks in the road you take...> With prices and wages the way they have evolved the last 50 years that road is a DEAD END for many. JMO.