2010-06-22mybudget360.com

`` The only way home prices can rise in a healthy manner is if we start seeing wage inflation. We saw some of this in the 1970s where wages went up in tandem with home prices. In the last decade, wages moved sideways while home prices went into a bubble. As far as the economy going forward, the big job sectors seem to be in low paying service sector jobs. Certainly someone can purchase a house with these jobs but not at current prices even though they appear to be solid.''



Comments:

catherine at 02:22 2010-06-23 said:
ahem............where have I heard this before???

after the first depression housing never came back from the 30s until the early 50s when the baby boomers started being born........ now get out there and buy one of those good deals...............OFFLMFAO Permalink

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