Berkeley CSUA MOTD:Entry 41277
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2025/04/03 [General] UID:1000 Activity:popular
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2006/1/6-9 [Politics/Domestic/California, Reference/RealEstate] UID:41277 Activity:high
1/6     http://www.nytimes.com/2005/12/29/realestate/29afford.html
        Buying a home now is still easier than it was in the 80s
        \_ "in almost every place outside of New York, Washington, Miami and
           along the coast in California. ... places like New York and Los
           Angeles ... families buying their first home often must spend more
           than half of their income on mortgage payments, far more than they
           once did"
           \_ This could be read to mean exactly the opposite of what the
              article said.  Even ignoring that, you left out the next
              sentence, "But the places that have become less affordable over
              the last generation account for only a quarter of the country's
              population."  Considering the concentration of population in
              NY and CA, it's likely only a tiny number (<< 1/4) of
              municipalities have become less affordable.
              \_ It only means the exact opposite in places like NY,
                 Washington, Miami, and coastal California.
                 \_ It's your choice where you want to live and how much you
                    are willing to spend on real estate.  Fortunately, the
                    number of places with more affordable housing is growing.
                    \_ Enjoy your life in Nebraska.
                       \_ I imagine that's the difference between us.  I feel
                          no superiority over people who would find Nebraska
                          right for them.  It sounds like you do.
                       \_ I imagine that's the difference between us.  You're
                          a snob and I'm not.
                          \_ Be grateful.  Having all the people with that
                             personality want to buy houses in the same small
                             group of cities gets them out of your way.
                             I could name several really wonderful cities
                             which still have affordable houseing, but I won't,
                             because I want to keep the speculator-parasites
                             from even hearing the names.
                             \_ have fun in boonyville. It's not hard to
                                find out which cities will continue to boom
                                regardless of existing population. I'll
                                give you a hint-- where there are damn
                                jews and orientals there will always be
                                irrational housing boom.
                                \_ *laugh* Hi Wannabe-Racist Housing Troll!
                                   And that's "damned" not "damn".  Also, if
                                   you're going for the racist thing there are
                                   plenty of hard core racial slurs you could
                                   have used instead of "damn jews and
                                   orientals".  That was pretty weak.  You get
                                   a "D-".  --Troll Rating Advisory Board
                           \_ I imagine I have actually live in Nebraska
                                \_ As far as "orientals" are concerned,
                                   there are plenty of busts following
                                   booms.  Just check out HK, Spore, Tokyo,
                                   etc.
                           \_ I imagine I have actually lived in Nebraska
                              and you have not. Enjoy the 20 below zero
                              weather with endless winds blowing off the
                              prarie while I enjoy my sunny days in the 60s
                              in January.
        \_ Yeah, but harder than it was during the 90s. At the end of the
           80s home prices took a big drop. They will soon again.
2025/04/03 [General] UID:1000 Activity:popular
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www.nytimes.com/2005/12/29/realestate/29afford.html
Help Twenty Years Later, Buying a House Is Less of a Bite By DAVID LEONHARDT br / and MOTOKO RICH Published: December 29, 2005 Families in the vast majority of the country can still buy a house for a smaller share of their income than they could have a generation ago. Breaking news and award winning multimedia New York Times newspaper articles Arts & Dining reviews Online Classifieds It's free and it only takes a minute!