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Wednesday, January 30, 2008

And in "Gee, ya think?!" News: Even though we're having a housing "crisis" it's not enough to actually make housing "affordable."

From SignOnSanDiego:

...the nation's housing slowdown has done little to ease the financial burdens facing low- and middle-income workers, especially in high-priced areas like San Diego. In San Diego County, the amount of household income needed to purchase a median-priced home during the third quarter of last year dropped 12 percent to $143,738, compared with $163,404 a year earlier. That's the good news. The bad news is that the county's median household income is $68,000, and with wages destined to remain stagnant this year, there is little room for optimism for entry-level buyers, say some analysts.

And there you go, don't go making your bus reservations yet... well that I need to make more money. Ideas? Anybody need a kidney? Anybody?

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