Posted on 05/30/2017 10:04:24 AM PDT by Thalean
In 1973 the median household income was $9,265...
Consider that the median sales price of a new home in January, 1973, was only $29,9003.2 times the median household income. In other words, if the median family saved up every penny earned, and put it towards a new home, it would take just over three years to buy a brand new house.
This held relatively steady for the next decade. In 1985, new home prices crept up a little, to 3.7 times the median household income.
It was during the 1990s and 2000s that home prices began to skyrocket towards where they are today.
In January 2017 the median sales price for a new home was $317,400, which is 5.6 times the median household income of $56,516.
All told, houses are 73% more expensive today, in real terms, than they were in 1973...
The US Census started tracking the median lot size (in square feet) for new home construction in 1976. During that year, the average lot was 10,125 square feet. In 2015, its only 8,600the smallest on record.
So not only are houses getting more expensive, but were getting less land as well.
In the interest of fairness, Ill also point out that the median new home is larger, in terms of square footage, than older homes as wellso its not a total loss.
(Excerpt) Read more at nationaleconomicseditorial.com ...
It seems like there has been more speculation too. People flipping houses, buying houses to cash in later.
It doesn’t. You can see a sliver of the next unit over in the first pic if that’s what you are referring to.
Nixon was an asshole twice over then. Gold standard and China.
I like properties where I can pee the entire property line. Mine is pretty close but I could do better.
Wait a minute, you said everything I was seeing in your #1 pic was all one single residence.
Now we find out it’s two residences? One mans wall is another man’s bedroom, one man’s floor is another man’s ceiling.
Like I said, they’re all very similar to apartments or civilian barracks, with nice facades. You made my point better than I.
I think builders need to start building more modest homes instead of the McMansion. In the future, I don’t think people are going to have those incomes.
“Now, a CONDO is nothing but an apartment with a fancy name - you can buy one of those around here for $60-$75k.
I had a townhouse condo and now I have an apartment condo and absolutely LOVE it.
One floor living is an absolute delight for me——and many of my neighbors.
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“Now, a CONDO is nothing but an apartment with a fancy name - you can buy one of those around here for $60-$75k.
I had a townhouse condo and now I have an apartment condo and absolutely LOVE it.
One floor living is an absolute delight for me——and many of my neighbors.
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Nixon was doing his Prescott Bush’s NWO bidding; Prescott was Nixon’s patron since his first run for office.
When Nixon failed to appoint former CIA spook Geo HW Bush to VP... BAM!... suddenly all the RINOs and other CIA spooks working at the Washington Post broke Watergate.
Nixon was a poor boy from Whittier until Prescott came along. Prescott had just co founded Planned Parenthood with Margaret Sanger and apparently no one remembered FDR had indicted Prescott Bush for funding the Nazis in the early days of WWII.
It was Prescott Bush who funded Nixon. And then the Bush/CIA RINOs (don’t for one minute believe that Bob Woodward was not CIA) gave us Watergate because Nixon wouldn’t go along with their program of having HW as VP.
Puts the Reagan choice of HW as VP in greater perspective.
Also Bob Dole’s screaming at HW Bush during one of the 1980’s debates:
“I’ll get you, you f***ing Nazi!”
The Bushes had some major blackmail dirt on Nixon; the 18 minute gap in the Nixon tape was just a public ruse... (Nixon didn’t know he was recording himself? I doubt it...!)
I suspect what they had on Nixon was the Bebe Rebozo gay intimation, that came out recently. http://www.nydailynews.com/news/national/nixon-darkest-secrets-new-biography-digs-rumors-richard-nixon-gay-affair-mafia-banker-article-1.997960
And to put all this in perspective...
they are dying to get similar stuff on President Donald Trump.
No wonder Trump is sweeping the White House of microphones and hidden cameras (that’s what the flashing red light in the White House story was all about.)
Lord Jesus, give Trump and Bannon wisdom to do Your Will.
“Here in Seattle, youre not getting anything livable for less than 500K.”
............ then, -there are cities like Detroit.
The new normal in America - apartment dwelling for almost everyone making less than 500,000 / year - at least in this part of California. Basically, if you’re not making that, (combined) - you’re banished to a more “forgiving” area. Ridiculous.
In the desirable suburbs outside of Detroit, vacant lots go for $500K and up..
A townhome, however, has only units to your left and/or right (and end units only has one touching unit), typically only has 4-6 units per "building," is much larger than an apartment (usually about the size of a starter single family home), nicer finish inside, and usually has a backyard or at least a very large patio with some grass. They are two very, very different experiences. A townhome experience, especially for those without kids, is not significantly different experience than a small single family home community where the lots are only 0.15-0.2 acres, while a condo is massively different. There is a reason townhomes sell and rent for significantly higher than condos do.
You said everything I was seeing in your #1 pic was all one single residence. No?
Typical apartment or condo building
Typical townhome building
I can assure you, these are two very different lifestyle experiences having lived in both and rented them out over the last 20 years.
Always wondered why Bush was forced on Reagan....
What are you talking about? I never emailed you. Why do you keep dodging and ducking?
You stated your number #1 at your post #71 pic of your condo was all one single residence. It’s not. You stated there was only one front door, but I can clearly see two front doors. Why are you being so disingenuous?
And that bottom image is a cartoon, a fake, none of it is real. Again, from my perspective, landlords and realtors are some of the most disingenuous people I’ve ever met. No joke.
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