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To: org.whodat
True, if you look at the value of a home twenty years ago and calculated it's value based upon the time and value of money during the same period of time and you would be close to what current market value should be.

1. Homes - on average - historically barley beat inflation 2. Homes (and all buildings) are a depreciating asset 3. Homes - historically - were priced at about 3x the prevailing wage.

11 posted on 10/27/2007 7:24:20 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2banana

Ah, but historically only one member of the household worked. Now that two work, six times the prevailing wage is the norm (since it’s actually three times the HOUSEHOLD wage, not the individual wage). So that’s what making the wife and mother work outside the home gets you - more expensive homes, and not a bit ahead.


21 posted on 10/27/2007 9:03:57 AM PDT by Technocrat
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