What the Bush Tax Cut Could Have Bought - Page 2 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
Thread Tools Search this Thread Display Modes
Old 05-30-2003, 07:49 AM   #21
love, blood, life
FizzingWhizzbees's Avatar
Join Date: Dec 2001
Location: the choirgirl hotel
Posts: 12,614
Local Time: 06:23 PM
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.

FizzingWhizzbees is offline  
Old 05-30-2003, 09:49 AM   #22
Blue Crack Addict
nbcrusader's Avatar
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 10:23 AM
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.

nbcrusader is offline  
Old 05-30-2003, 11:42 AM   #23
Blue Crack Supplier
martha's Avatar
Join Date: Mar 2001
Location: Orange County and all over the goddamn place
Posts: 42,553
Local Time: 10:23 AM
400 grand for 1400 square feet over here.
martha is offline  
Old 05-30-2003, 11:51 AM   #24
love, blood, life
melon's Avatar
Join Date: Oct 2000
Location: Toronto, Ontario
Posts: 11,782
Local Time: 01:23 PM
Deflation is probably inevitable with home prices like those.

melon is offline  
Old 05-30-2003, 11:56 AM   #25
Blue Crack Addict
nbcrusader's Avatar
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 10:23 AM
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.
nbcrusader is offline  
Old 05-30-2003, 02:06 PM   #26
Join Date: Jun 2001
Posts: 1,760
Local Time: 07:23 PM
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
V Nura is offline  
Old 06-01-2003, 07:23 PM   #27
Rock n' Roll Doggie
sue4u2's Avatar
Join Date: Jan 2003
Location: hatching some plot, scheming some scheme
Posts: 6,628
Local Time: 01:23 PM
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...

sue4u2 is offline  

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -5. The time now is 01:23 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com