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View Diary: The secret of the so-called "skills gap" (191 comments)

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  •  The cost of housing has not been allowed to self (3+ / 0-)

    Correct so that housing costs align w prevailing wages.

    •  The historical ratios for house price (1+ / 0-)
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      qofdisks

      predict that housing is going to fall another 25% or so, for the Sand States and coastal areas that had Big Boom busts.

      Mark-to-market valuations were supposed to be forced on banks in 2011. They wiggled out of it. Bad for bonuses.

      I'm in the market for a house. Amazing what really happens vs. what the banks want to force on us. The banks are listing values at 1/3 higher than real market prices.

      Also, in outer suburban areas you can buy 5 acres and put a 1,500-foot house on it for $30K + $50K = $80K. You have to adopt a simple house plan from an architecture school and be careful with material purchases. Still, that's for a 15-minute commute to any of 100 SMSA jobs areas.

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