[Scarlett]

If the nominal level of houses is about 2001-2002, then according to that graph of C-S home indices, the level to which bubble should deflate to is about 100, more or less….

yeah, the middle class is struggling and actually getting poorer and poorer compared to the others…

Isn’t the middle class supposed to be the majority of the home buyers?

[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…

[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]

Are the salaries twice what they were in 1996?

I doubt that very much. Of course, I was too immature to pay attention to those things then.

The food price has doubled at least, if not tripled on certain things, I remember very well.

[Scarlett]

Are the salaries twice what they were in 1996?

I doubt that very much. Of course, I was too immature to pay attention to those things then.

The food price has doubled at least, if not tripled on certain things, I remember very well.

[Scarlett]

Are the salaries twice what they were in 1996?

I doubt that very much. Of course, I was too immature to pay attention to those things then.

The food price has doubled at least, if not tripled on certain things, I remember very well.

[Scarlett]

Are the salaries twice what they were in 1996?

I doubt that very much. Of course, I was too immature to pay attention to those things then.

The food price has doubled at least, if not tripled on certain things, I remember very well.

[Scarlett]

Are the salaries twice what they were in 1996?

I doubt that very much. Of course, I was too immature to pay attention to those things then.

The food price has doubled at least, if not tripled on certain things, I remember very well.

[Scarlett]

So where do you think the C-S index should be if you adjust for inflation?

Are we there yet, or we still have ways to go?

[Scarlett]

So where do you think the C-S index should be if you adjust for inflation?

Are we there yet, or we still have ways to go?

[Scarlett]

So where do you think the C-S index should be if you adjust for inflation?

Are we there yet, or we still have ways to go?

[Scarlett]

So where do you think the C-S index should be if you adjust for inflation?

Are we there yet, or we still have ways to go?

[Author]

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