[FoRK] Does this real estate boom remind you of the dot-com boom?

Udhay Shankar N udhay at pobox.com
Tue May 17 18:54:36 PDT 2005


At 04:58 AM 5/18/2005, Damien Morton wrote:

>They basically said that you could rent an $800,000 house in San Fran for 
>$2000/mo, and that given that balance, and using average figures for 
>rent/housing/wage appreciation, that youd come out $150K ahead after 8 
>years of renting, compared to buying.

Can anyone point me at a good article / study on where all the 
middle-income folk working in the Bay Area live? Say, schoolteachers, 
policemen, grocery store employees, etc. It seems that many of them can't 
afford to either rent or buy in the Bay Area itself.

Udhay

-- 
((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))



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