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:
Have a safe trip!
You rock!
hello from germany
wish you some very nice days.
http://www.immobilienblasen.blogspot.com/
have a super vacation. Thanks for the great site! looking forward to your return!
-liz
We miss you.
enjoy the fishing.and 50-60% of what income?
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!!
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