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NotCranky.
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December 12, 2007 at 4:26 PM #115513December 12, 2007 at 4:33 PM #115320
drunkle
Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
December 12, 2007 at 4:33 PM #115446Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
December 12, 2007 at 4:33 PM #115482Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
December 12, 2007 at 4:33 PM #115486Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
December 12, 2007 at 4:33 PM #115523Participanti think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
December 12, 2007 at 4:42 PM #115330sdrealtor
Participant“whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
December 12, 2007 at 4:42 PM #115459Participant“whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
December 12, 2007 at 4:42 PM #115493Participant“whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
December 12, 2007 at 4:42 PM #115496Participant“whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
December 12, 2007 at 4:42 PM #115532Participant“whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?”
None of the above. It is simple statisitcs. Follow the logic it’s not hard.
December 12, 2007 at 4:54 PM #115340kewp
ParticipantRustico,
I’ll suggest the amount of rampant speculation (and associated overbuilding) over the last decade has created a unique situation. I should have said ‘new’ construction, though. And I’ll stand by that claim. We have too many houses and way too many condos.
sdrealtor,
Once all the wannabe-speculators dump their properties I have a feeling housing is gonna get affordable fast!
December 12, 2007 at 4:54 PM #115468ParticipantRustico,
I’ll suggest the amount of rampant speculation (and associated overbuilding) over the last decade has created a unique situation. I should have said ‘new’ construction, though. And I’ll stand by that claim. We have too many houses and way too many condos.
sdrealtor,
Once all the wannabe-speculators dump their properties I have a feeling housing is gonna get affordable fast!
December 12, 2007 at 4:54 PM #115504ParticipantRustico,
I’ll suggest the amount of rampant speculation (and associated overbuilding) over the last decade has created a unique situation. I should have said ‘new’ construction, though. And I’ll stand by that claim. We have too many houses and way too many condos.
sdrealtor,
Once all the wannabe-speculators dump their properties I have a feeling housing is gonna get affordable fast!
December 12, 2007 at 4:54 PM #115506ParticipantRustico,
I’ll suggest the amount of rampant speculation (and associated overbuilding) over the last decade has created a unique situation. I should have said ‘new’ construction, though. And I’ll stand by that claim. We have too many houses and way too many condos.
sdrealtor,
Once all the wannabe-speculators dump their properties I have a feeling housing is gonna get affordable fast!
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