patrick.net
An Antidote to Corporate Media
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Â¥
2009 Dec 26, 2:45pm
in 2000, in many areas, the median home price was about 2.5 times annual salary
In 2000, interest rates were pushing 8%, the FHA limit was, LOL:
http://www.fha-home-loans.com/access_income_limits_fha_loan.htm
income taxes were 10-15% higher, 5% down was the absolute minimum, and the gummint wasn't handing out $8000 to buy a house!
B.A.C.A.H.
2009 Dec 26, 3:08pm
The chart shows some info. that we can deduce opinions about for supply of used homes. That's all. Doesn't include information about buyer demographics or future access to credit. We could have flat or declining prices even if there were zero resets coming.
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I've been hearing this repeated everywhere, even here.
how can anyone believe that crap when everything is propped up artificially, unemployment is still horrible, consumer sentiment is crap, and we are only here in this chart????