Monday, August 28, 2006

Vacation

I'm going on a vacation for about a week. I'll be soaking up the rays on a beach in an archipelago on a small moon in the Rigil Kentaurus system. Housing affordability there is still around 80% as the yuppies haven't discovered it yet.

Use this space to discuss bubble related issues if you want. Visit the excellent blogs listed in the right-hand margin.

I'll leave you with this question: Given that house prices are flat to declining year-over-year, will new Bay Area buyers still be willing to spend 50-60% of their income on paying a mortgage? If so, why?

Ok, one more thing then I'm outta here (yes, yes it should be logarithmic I'm sure [but inflation has been "factored out" so maybe not], but still...):

6 Comments:

Blogger David said...

Have a safe trip!

You rock!

Aug 28, 2006, 5:19:00 PM  
Blogger jmf said...

hello from germany

wish you some very nice days.



http://www.immobilienblasen.blogspot.com/

Aug 29, 2006, 4:10:00 AM  
Anonymous liz said...

have a super vacation. Thanks for the great site! looking forward to your return!

-liz

Aug 29, 2006, 9:52:00 AM  
Anonymous LJR said...

We miss you.

Aug 29, 2006, 12:29:00 PM  
Anonymous tom stone said...

enjoy the fishing.and 50-60% of what income?

Aug 29, 2006, 2:39:00 PM  
Anonymous Anonymous said...

You must be one of those cash rich renters I've been hearing about to be able to vacation in such a beautiful place.

Have a great time!!

Aug 29, 2006, 10:20:00 PM  

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