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08-23-2007, 08:40 AM
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1,876 posts, read 2,482,695 times
Reputation: 86
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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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08-23-2007, 08:49 AM
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1,058 posts, read 3,403,663 times
Reputation: 229
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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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08-23-2007, 08:49 AM
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Location: Rural Central Texas
3,672 posts, read 10,277,223 times
Reputation: 5573
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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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08-23-2007, 08:53 AM
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1,876 posts, read 2,482,695 times
Reputation: 86
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Quote:
Originally Posted by nbres
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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You are 100% correct.
C |
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08-23-2007, 12:23 PM
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Location: home...finally, home .
8,696 posts, read 20,522,234 times
Reputation: 19535
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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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08-23-2007, 12:25 PM
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9,680 posts, read 26,315,640 times
Reputation: 4159
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Something has to give.
If the customer can't buy the product, how can sales continue?
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08-23-2007, 01:03 PM
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1,359 posts, read 5,503,321 times
Reputation: 234
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Quote:
Originally Posted by saturnfan
Something has to give.
If the customer can't buy the product, how can sales continue?
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Exactly. So, we'll see. Somehow, homes still sell and prices have far from plummeted. |
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08-23-2007, 01:19 PM
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1,917 posts, read 6,879,592 times
Reputation: 597
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Quote:
Originally Posted by GCGuy
Exactly. So, we'll see. Somehow, homes still sell and prices have far from plummeted.
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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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08-23-2007, 01:36 PM
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1,359 posts, read 5,503,321 times
Reputation: 234
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Quote:
Originally Posted by Glad2BHere
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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Certainly not down to, say, 2000 levels. I doubt that could happen, but you never know. |
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08-23-2007, 02:07 PM
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Location: NJ/NY
10,649 posts, read 18,123,094 times
Reputation: 2821
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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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