Things are still way, way out of balance. From the article, a 55 yo retired fire protection supervisor just bought a $1M house.
What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year!
Did a giant bag of money fall from the sky into this guy’s back yard? He sure didn’t earn it from his job; did he inherit it? Make it in the real estate bubble here? Stock market? Marry well?
This is way, way out of balance. Only when weird distortions like this are gone will we have returned to sanity.
