Capo Del Bandito: How the fark do people not get the 'life is not fair' aspect of life?
Geotpf: Talondel: Sliding Carp: Hey, we've been told for at least the last 2 decades that constantly-increasing real estate prices are the only valid measure of the health of the economy.We've also been told that inflation has been near zero for that same time, so anyone who says that prices of things like food, rent, and utilities are rising relative to income must be mistaken.Inflation has been low. We had actual deflation in 2009. When a house that sold for $400k sells for $150k four years later (see above post), that's deflation.
acad1228: Yeah, I know. Paying $625 a month for my three bedroom, two bath house on an oversized lot next to a school and a fire station is just unbearable. Of course, this is in small town, OK. so I guess I'll just have to deal with it. Did I mention that my mechanic's shop is just around the corner? My electrician is across the street, next to the day-care. The grocery store and the minor emergency facility are two blocks up.Wait, what was I complaining about?
The top 10 percent of earners took more than half of the country's total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago...But the total income of the top 1 percent surged nearly 20 percent that year. The incomes of the very richest, the 0.01 percent, shot up more than 32 percent.
mafiageek1980: Maybe I missed it, but no where in that article was Austin.tx mentioned...just sayin!
ElLoco: "Whatever the market will bear" economics. It won't drop as long as there are people who will pay it.
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