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  • August 10, 2006 at 9:08 PM in reply to: The Rising Cost of Living Well #31665
    Ian Restil
    Participant

    Dissapointing results can also mean that growth has slowed. Maybe they’re running out of places to put Starbucks. The Onion saw this coming 10 years ago.

    August 10, 2006 at 8:39 PM in reply to: median price / per capita income #31662
    Ian Restil
    Participant

    [img_assist|nid=1180|title=Irrational Exuburence|desc=|link=node|align=left|width=400|height=359]
    You can find similar historical price/income graphs out there. I got the above chart from the Wikipedia entry on the housing bubble. The article shows a good comparison of the recent US run-up in prices with the 1990 peak in Japanese RE, and their 16 year decline.

    August 10, 2006 at 1:05 PM in reply to: Is it all just schadenfreude? #31590
    Ian Restil
    Participant

    I’m almost a neutral observer 🙂 I bought my UC home in 1993 , so I don’t really care what happens to the market. I guess I get some occasional satisfaction reflecting my low mortgage, but that’s about it. I think it’s interesting to watch the psychology of both the bulls and the bears.

    August 10, 2006 at 12:23 PM in reply to: median price / per capita income #31584
    Ian Restil
    Participant

    That’s better. Based on $500k home, a 14.5 ratio puts per-capita income at $35k/year. I can believe that. Anyways, I believe the historical curve. Interesting. Looks like a bubble to me.

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