View Story | 32 comments
Comments: Expand Shrink Hide (Always) | Indented Flat (Always)
why people don't just live within their means.
by NYCO on Sun Aug 05, 2007 at 04:22:29 PM PDT
We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"
by Gooserock on Sun Aug 05, 2007 at 04:28:11 PM PDT
[ Parent ]
"From war, corporations have been enthroned, and an era of corruption follows, until all wealth is aggregated, and the Republic is destroyed." Lincoln
by PJ Jefferson on Sun Aug 05, 2007 at 06:13:22 PM PDT
I'm sure there are people getting foreclosed on who have huge houses that they haven't been able to even furnish yet.
by onemadson on Sun Aug 05, 2007 at 04:29:31 PM PDT
Avenue, where the constant barrage of ads continuously bombard us, the consumer, with the idea that the more things we purchase, the better off we are. The mailbox is filled with credit card applications once or twice every week.
"We are waiting for God only knows what. How about a chocolate soda?"..among the Corregidor messages hours before the surrender to the Japanese.
by Tropical Depression on Sun Aug 05, 2007 at 04:41:11 PM PDT
after ww2 , he got a home , on the beach in redondo , for one years wages . Now a home costs more than a lifetimes work for some . There is a problem for workers .
What is it when the price of everything goes up but the wages ? What is it when lenders give people bad deals ?
"The fussy armchair jackboots"
by indycam on Sun Aug 05, 2007 at 04:49:11 PM PDT
That's a bit of an exaggeration. The average home, I'd wager, costs less than two years salary. If I think about all my friends and their homes and incomes, that's about right, from artists to schoolteachers to business executives.
YouTube power!
by cartwrightdale on Sun Aug 05, 2007 at 05:07:02 PM PDT
I looked it up and I'm beside-myself shocked. The average home costs 240,000 in the U.S., and the average income is around 40,000. So, six years. But I'm really floored at that 240 figure -- of all my family and friends of varying levels of income and success, I know maybe 1 person who has a quarter-million dollar house. That seems insane. I would have guessed the average home price in the U.S. much, much lower. My salary's averaged in the 80s-90s since 2000 and my house was 110 and it's STILL hard to pay the mortgage!! Maybe I need to eat out less. :)
by cartwrightdale on Sun Aug 05, 2007 at 05:13:05 PM PDT
in areas like D.C. $1 million still buys a nice house there, but the low end is horrible. And there are lots of areas where even small houses are over $500k and up.
by unterhausen on Sun Aug 05, 2007 at 05:18:49 PM PDT
the interest that 240 becomes larger . The home is 240 k cash , >240 on terms . So 6 years wages in cash .
If I move to a place where I can buy a home cheap , can I make money ?
by indycam on Sun Aug 05, 2007 at 05:50:31 PM PDT
on redondo beach is not a 240 K home . That home today is more like a million . He got it for one years wages as a normal worker . If I wanted to buy that home today , doing the very same job he did , I would need a multi generational mortgage .
by indycam on Sun Aug 05, 2007 at 05:55:14 PM PDT
somewhat lower.
Patriotism may be the last refuge of scoundrels, but religion is assuredly the first.
by StrayCat on Sun Aug 05, 2007 at 06:43:49 PM PDT
It only takes a relative handful of 25-million dollar estates to throw off the averages for the rest of us. :)
by cartwrightdale on Mon Aug 06, 2007 at 09:23:22 AM PDT
around here, houses start at $150k or so, which might be two year's wages for a very senior teacher in our well-funded school system, but of course a person like that probably wouldn't be happy in such a house. And I think $150k is pretty cheap nationally.
by unterhausen on Sun Aug 05, 2007 at 05:16:19 PM PDT
Most starter homes (under 1,500 sq ft) run under 100,000. I have some friends with rather nice large homes in the 70-90k range in not-great areas, and nicer homes in the 100-120k range in pretty good areas. There are also many many many many many MANY homes available for sale in the 30-60k range, of course, as there always are in the more economically depressed regions, which is sometimes quite tempting -- I considered a 2,000 sq ft (all wood floors, fireplaces, very good shape) for 65k not too long ago, but that's the Lansing housing market for ya. :)
by cartwrightdale on Sun Aug 05, 2007 at 05:29:08 PM PDT
will not get you a garage here .
by indycam on Sun Aug 05, 2007 at 05:56:59 PM PDT
wide narrow
View Story | 32 comments