Thread: As prices rise, housing recovery wobbles
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Old 04-30-2014, 08:43 AM
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Tom Joad Tom Joad is offline
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Quote:
Originally Posted by Dondilion View Post
Expected since wages has hardly moved.
Exactly.

Housing Prices have to eventually have some relationship to income.

Back during the boom a single mother secretary where I worked got a 300K mortgage on a 28K a year job.

No wonder there was a bust.
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Last edited by Tom Joad; 04-30-2014 at 09:39 AM.
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