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  • February 6, 2008 at 1:31 PM #11728
    Ex-SD
    Participant

    CNN Money story:

    Despite the housing slump, most middle income workers still don’t earn enough to buy a median-priced home in their hometowns, according to the Center for Housing Policy.

    http://money.cnn.com/2008/01/29/real_estate/Housing_unaffordability_persists/index.htm

    February 6, 2008 at 1:58 PM #148824
    kewp
    Participant

    Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

    Whatever shall we do?

    February 6, 2008 at 1:58 PM #149076
    kewp
    Participant

    Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

    Whatever shall we do?

    February 6, 2008 at 1:58 PM #149092
    kewp
    Participant

    Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

    Whatever shall we do?

    February 6, 2008 at 1:58 PM #149107
    kewp
    Participant

    Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

    Whatever shall we do?

    February 6, 2008 at 1:58 PM #149178
    kewp
    Participant

    Wow, I guess all that inventory in middle-income areas is going to sit unsold forever.

    Whatever shall we do?

    February 6, 2008 at 3:19 PM #148869
    CogSciGuy
    Participant

    Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

    February 6, 2008 at 3:19 PM #149121
    CogSciGuy
    Participant

    Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

    February 6, 2008 at 3:19 PM #149137
    CogSciGuy
    Participant

    Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

    February 6, 2008 at 3:19 PM #149154
    CogSciGuy
    Participant

    Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

    February 6, 2008 at 3:19 PM #149222
    CogSciGuy
    Participant

    Maybe a lot more “creative” mortgages would help. Clearly reducing prices isn’t a viable option.

    February 6, 2008 at 3:26 PM #148874
    patientlywaiting
    Participant

    Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

    Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

    February 6, 2008 at 3:26 PM #149126
    patientlywaiting
    Participant

    Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

    Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

    February 6, 2008 at 3:26 PM #149142
    patientlywaiting
    Participant

    Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

    Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

    February 6, 2008 at 3:26 PM #149158
    patientlywaiting
    Participant

    Like some commentators have said, it’s not a credit crunch. It’s an asset price bubble that needs to deflate.

    Don’t even consider San Diego. Areas of the country with similar income as SD and 1/2 the cost of housing are having difficulties right now. It’ll be a few more years before prices correct.

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