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Old 05-29-2003, 08:33 PM   #16
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Sting,


Thank you for your response.

Arguments are more credible to me, when one does not always get in line (100%) behind someone (the President) they support.

Some either oppose or support 100% and I wonder if they are thinking for themselves or just taking a party line.

I agree with much of what you posted regarding this. But, in my neck of the woods $100,000 as I am sure nbCrusader will tell you is not a high income.
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Old 05-29-2003, 09:45 PM   #17
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Deep,

"I agree with much of what you posted regarding this. But, in my neck of the woods $100,000 as I am sure nbCrusader will tell you is not a high income."

Well, when you look at the fact that median household income is around 55,000 dollars and the average hourly wage is 13 dollars, I would definitely consider 100,000 dollars a lot of money.

I don't think people who make 100,000 dollars or more per year are classified as "middle class". But perhaps cost of living increases in certain area's of the country have changed that, but as an average for the entire country, that figure is definitely considered upper class. The term, "6 figures" has not gone out of style.
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Old 05-29-2003, 09:49 PM   #18
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One more thing, I support tax cuts not because of the often held Republican principle that "its your money", but on economic necessity depending on the condition of the economy. In the 2000 election, I was strongly opposed to the Bush tax cut plan or any tax cut, because at that time the economy was at full employment with wages already rising and employers unable to find workers. A tax cut at that time would have just created inflation. But things have changed since then and the economy needs a boost now.
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Old 05-30-2003, 12:17 AM   #19
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Quote:
Originally posted by deep
But, in my neck of the woods $100,000 as I am sure nbCrusader will tell you is not a high income.
Holy cow, what neck of the woods do you live in?
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Old 05-30-2003, 12:37 AM   #20
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LATEST NEWS
12:03 PM PDT Tuesday

California home prices hit new record
The median price of an existing home in California in April increased 14.8 percent year-to-year to $363,930, an all-time high, according to figures compiled by Los Angeles-based California Association of Realtors.


Statewide, the 10 cities and communities with the highest median home prices in California during April 2003 were: Manhattan Beach ($1.1 million); Malibu ($1.1 million); Beverly Hills ($1.03 million); Laguna Beach ($925,000); Palos Verdes Estates ($856,775); Newport Beach ($816,250); Orinda ($808,500); Moraga ($767,750); Coronado ($750,000); La Canada-Flintridge ($736,500).
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Old 05-30-2003, 07:49 AM   #21
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I'm not sure that high house prices necessarily mean the population has a high average income. London has horrendously high house prices (most parts of London you couldn't buy a house for under 200,000) but there are a large number of people in London working minimum wage jobs. They just have no change of ever purchasing a home there so many move away, which in turn leads to a shortage of teachers, nurses and other relatively low-paid workers.
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Old 05-30-2003, 09:49 AM   #22
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Quote:
Originally posted by deep
Statewide, the 10 cities and communities with the highest median home prices in California during April 2003 were: Manhattan Beach ($1.1 million); Malibu ($1.1 million); Beverly Hills ($1.03 million); Laguna Beach ($925,000); Palos Verdes Estates ($856,775); Newport Beach ($816,250); Orinda ($808,500); Moraga ($767,750); Coronado ($750,000); La Canada-Flintridge ($736,500).
And this is not for big view homes either. You can easily pay $700K+ for a small, 3 bedroom home built in the '50s.

At this rate, we won't be able to afford the rent in this area - buying a home is near impossible.
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Old 05-30-2003, 11:42 AM   #23
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400 grand for 1400 square feet over here.
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Old 05-30-2003, 11:51 AM   #24
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Deflation is probably inevitable with home prices like those.

Melon
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Old 05-30-2003, 11:56 AM   #25
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You would think, but if prices begin to flatten out or fall, people simply stop selling their homes. I'd love to see a little deflation is this area.
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Old 05-30-2003, 02:06 PM   #26
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Quote:
Originally posted by Scarletwine
Thanks for the read.

This article is a great summary of everything that is wrong with this administrations priorities. Never has a payback for corporate funding been so blazen. It's a disgrace.


dont' forget the fact thatif Ceo's could add and subract and balance a balance sheet properly...investor confidence would be a lot higher. And I firmly believe that Enron which had VERY close ties to this administration ...was shielded by this administration until it all just absolutely collapsed.


in a lot of ways the people benefitting from this tax cut are partially responsible for the severity of the economic slump
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Old 06-01-2003, 07:23 PM   #27
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Well, being single, the only thing I can hope for is my company lifting the wage freeze and I can get a raise this year? Maybe..
Third term for Clinton is looking better & better...
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