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"

所有跟帖： 

• 您的东东有吹毛求刺嫌疑, 老M的长期房涨论没有错, 2050年没到啊 -BAresident- ♂ (0 bytes) () 09/23/2008 postreply 10:38:53

• median home price 11 times of median household income? -屋漏痕- ♂ (0 bytes) () 09/23/2008 postreply 10:42:39

• I didn't say 11 times price. CRA said so and I have reservation -miat42- ♂ (511 bytes) () 09/23/2008 postreply 11:02:44

• Please read carefully and see if 11 times is the main point. -屋漏痕- ♂ (2931 bytes) () 09/23/2008 postreply 11:13:24