Berkeley CSUA MOTD:Entry 50097
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2025/07/16 [General] UID:1000 Activity:popular
7/16    

2008/5/30-6/2 [Reference/RealEstate] UID:50097 Activity:low
5/30    http://www.economist.com/displayStory.cfm?story_id=11465476
        Graph shows fall in Case-Shiller national home price index indicates
        worst year-over-year numbers than the Great Depression
        \_ yet I still can't afford a decent home in Silicon Valley
           even with my near 6 digit salary.
           \_ I graduated from BERKELEY yet I'm still debugging other
              people's code. Some CAL English maj graduates still work
              at McD's. So what???
              \_ Name one.
           \_ yeah, it blows doesn't it?
           \_ Sounds like you are underpaid relative to the others who
              live in your area. Move somewhere else or make more money.
           \_ Define "decent"? Are you looking on one income or two?
2025/07/16 [General] UID:1000 Activity:popular
7/16    

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www.economist.com/displayStory.cfm?story_id=11465476
com America's house prices are falling even faster than during the Great Depression AS HOUSE prices in America continue their rapid descent, market-watchers are having to cast back ever further for gloomy comparisons. Now Robert Shiller, an economist at Yale University and co-inventor of the index, has compiled a version that stretches back over a century. In the deflationary 1930s house prices declined less in real terms. Today inflation is running at a brisk pace, so property prices have fallen by a staggering 18% in real terms over the past year.