let's see

June 2006 - miat42

While taling about RE market in the DC area,
"Additionally, the report indicates that although house value will increase 30 times in 50 years, household income will only increase from today's $137K to $1.3 million. From this deviation, future home affordability is going to get extremely and disproportionally worse. In 2057, it's going to take 11 times earning to buy an average-priced home. Scary indeed!

By the way, this is not a practical joke, it's a report from a serious government sponsored urban research institute. What this report comes down us in everyday life? Here is my take, if you want your children to have a decent quality of life when they get middle aged, I beg you parents to invest a house for them today. That's a show of your parental mercy."






September 2008

When miat was questioned whether it's too much for a median priced home to cost 11 times of median household income, this is what miat had to say

"I feel speechless that somebody don't know that salary can go up. Sigh"