Should the houses be worth twice what they were in 1996?

[Arraya]

Well, we are spending a lot of money to prove that prices should not be lower. Whether it works or not is another story. however, take away the massive market manipulations which are induced artificial scarcity and the .gov backing 85% of the market along with all the other gimmicks.

Take that away, and you have a practically cash only business with double the inventory. That would put RE down in that range if not lower.

[an]

Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html

[an]

Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html

[an]

Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html

[an]

Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html

[an]

Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html

[blahblahblah]

Also, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?

1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!

[blahblahblah]

Also, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?

1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!

[blahblahblah]

Also, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?

1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!

[blahblahblah]

Also, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?

1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!

[blahblahblah]

Also, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?

1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!

[Scarlett]

[quote=AN]Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html%5B/quote%5D

Thanks AN! Great link.

The minimum wage seems to have increased significantly in the last couple of years. If this discussion was happening in 2008…the minimum wage has increased by 50% . And I really don’t think that the AVERAGE income has increased THAT much in the last few years – from 60K in 1996 to 90K now? Average for the same job/#years experience. I don’t think so. Does anybody disagree with that?

I am sure for most of us the salaries have increased. But even then (i.e. increased experience by 10+ years) unless you were relative fresh out of school/academia then, I don’t think the salaries have doubled for most of us.

The problem is we are in a very unstable rapidly changing economic/financial environment, so the argument that if the goods prices have doubled then the home prices should also double – even if the income has not doubled – does not hold much water…

[Scarlett]

[quote=AN]Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html%5B/quote%5D

Thanks AN! Great link.

The minimum wage seems to have increased significantly in the last couple of years. If this discussion was happening in 2008…the minimum wage has increased by 50% . And I really don’t think that the AVERAGE income has increased THAT much in the last few years – from 60K in 1996 to 90K now? Average for the same job/#years experience. I don’t think so. Does anybody disagree with that?

I am sure for most of us the salaries have increased. But even then (i.e. increased experience by 10+ years) unless you were relative fresh out of school/academia then, I don’t think the salaries have doubled for most of us.

The problem is we are in a very unstable rapidly changing economic/financial environment, so the argument that if the goods prices have doubled then the home prices should also double – even if the income has not doubled – does not hold much water…

[Scarlett]

[quote=AN]Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html%5B/quote%5D

Thanks AN! Great link.

The minimum wage seems to have increased significantly in the last couple of years. If this discussion was happening in 2008…the minimum wage has increased by 50% . And I really don’t think that the AVERAGE income has increased THAT much in the last few years – from 60K in 1996 to 90K now? Average for the same job/#years experience. I don’t think so. Does anybody disagree with that?

I am sure for most of us the salaries have increased. But even then (i.e. increased experience by 10+ years) unless you were relative fresh out of school/academia then, I don’t think the salaries have doubled for most of us.

The problem is we are in a very unstable rapidly changing economic/financial environment, so the argument that if the goods prices have doubled then the home prices should also double – even if the income has not doubled – does not hold much water…

[Scarlett]

[quote=AN]Here’s the historical minimum wage: http://www.infoplease.com/ipa/A0774473.html%5B/quote%5D

Thanks AN! Great link.

The minimum wage seems to have increased significantly in the last couple of years. If this discussion was happening in 2008…the minimum wage has increased by 50% . And I really don’t think that the AVERAGE income has increased THAT much in the last few years – from 60K in 1996 to 90K now? Average for the same job/#years experience. I don’t think so. Does anybody disagree with that?

I am sure for most of us the salaries have increased. But even then (i.e. increased experience by 10+ years) unless you were relative fresh out of school/academia then, I don’t think the salaries have doubled for most of us.

The problem is we are in a very unstable rapidly changing economic/financial environment, so the argument that if the goods prices have doubled then the home prices should also double – even if the income has not doubled – does not hold much water…

[Author]

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