Yeah, you are right about the historical fact.
I am one of the least educated person about data and facts.
I report/act on what I observe at the ground level.
I knew in 2007/8 that this much housing prices in sd is not sustainable as wages are not supportable. I waited till 2011 to buy.
I feel the same now. I feel all this is bubble. But I’ve been wrong before 🙂
The high paying wages are not really growing. Job uncertainty is there/increased.
SD may have seen big job growth but how many of these jobs are paying $150K ?
I feel that a decently earning ( ~$100K/year ) middle class family can’t really live here …
