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Old 08-23-2007, 09:40 AM
 
1,876 posts, read 2,167,156 times
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Everythings up threefold except wages.

We dont have the jobs on LI to support our cost of living.

Does this smell like a recipe for success or does it just smell.

WTFLI?

C
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Old 08-23-2007, 09:49 AM
 
1,058 posts, read 3,267,917 times
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So then we are heading for apainful market correcion unless the federal reserve opens up the floodgates and lowers interests rates - which they will do. Thus, inflating home prices and deflating wages even more - we are in a bad place!
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Old 08-23-2007, 09:49 AM
 
Location: Rural Central Texas
3,631 posts, read 9,725,160 times
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Odd, the report I heard on NPR yesterday indicated inflation was up less than 2% with the single exception of Oil prices. Wages per capita had increased just under 8% and household income was down due to lower numbers of household members and greater number of seperate housholds, but was down less than 1%.

This is supposed to be the national figures for 2007. What year(s) / locale are your numbers for?
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Old 08-23-2007, 09:53 AM
 
1,876 posts, read 2,167,156 times
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Quote:
Originally Posted by nbres View Post
So then we are heading for apainful market correcion unless the federal reserve opens up the floodgates and lowers interests rates - which they will do. Thus, inflating home prices and deflating wages even more - we are in a bad place!
You are 100% correct.

C
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Old 08-23-2007, 01:23 PM
 
Location: home...finally, home .
8,376 posts, read 19,320,735 times
Reputation: 18225
Well, clamboy, switch all of your stocks into bonds. Have you already sold your house in Rocky Point? Is there a large difference in price between the new home in Connecticut & your house here ?
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Old 08-23-2007, 01:25 PM
 
9,680 posts, read 25,069,650 times
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Something has to give.

If the customer can't buy the product, how can sales continue?
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Old 08-23-2007, 02:03 PM
 
1,359 posts, read 5,278,670 times
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Quote:
Originally Posted by saturnfan View Post
Something has to give.

If the customer can't buy the product, how can sales continue?
Exactly. So, we'll see. Somehow, homes still sell and prices have far from plummeted.
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Old 08-23-2007, 02:19 PM
 
1,900 posts, read 6,490,271 times
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Quote:
Originally Posted by GCGuy View Post
Exactly. So, we'll see. Somehow, homes still sell and prices have far from plummeted.

Nothing has plummted in hot areas. Prices have still risen for homes, and have certainly increased, even this year. Nothing has gone backwards that is for sure.
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Old 08-23-2007, 02:36 PM
 
1,359 posts, read 5,278,670 times
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Quote:
Originally Posted by Glad2BHere View Post
Nothing has plummted in hot areas. Prices have still risen for homes, and have certainly increased, even this year. Nothing has gone backwards that is for sure.
Certainly not down to, say, 2000 levels. I doubt that could happen, but you never know.
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Old 08-23-2007, 03:07 PM
 
Location: NJ/NY
10,632 posts, read 17,306,332 times
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There are a lot of houses on my street that have been for sale for way over 6 months. Waterfront too.
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