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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: affordability Posted by AquariusDawnCA on June 01, 2009 at 2:28 PM In Reply to: affordability posted by gc on June 01, 2009 at 12:10 AM I'm not so sure we can use previous models for when the market will turn, plus trying to go with a CA average would be ridiculous considering the variations in areas. I'd concentrate on your area for stats and then take it from there, remember unemployment, etc will play into it. This is unlike any real estate crashes we have ever had in the past, I expect it to last for years and years in the hard hit cities. Good Luck! : Where can I find what the median house affordability is at in California? According to Bruce Norris, once affordability hits arround 35-40%, the balance tips the other way. : GC Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I'm not so sure we can use previous models for when the market : will turn, plus trying to go with a CA average would be ridiculous : considering the variations in areas. I'd concentrate on your area : for stats and then take it from there, remember unemployment, etc : will play into it. This is unlike any real estate crashes we : have ever had in the past, I expect it to last for years and : years in the hard hit cities. Good Luck! : : : Where can I find what the median house affordability is at in California? According to Bruce Norris, once affordability hits arround 35-40%, the balance tips the other way. : : GC [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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