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originally posted by: onequestion
Rent for a 1 bedroom is 2000 a month where I live and its not even listed in the top 10 most expensive places to live in the US. Clearly there is another bubble forming and I'm not alone in thinking this.
Source
Real estate prices increased again in January, with several states reaching new historic highs, leading experts to wonder whether another real estate bubble might be brewing. Nationwide, home prices rose by 5.7 percent in January compared to a year ago, according to data released Tuesday by CoreLogic
To me its very odd that prices are climbing so high while the labor pool is consistently growing driving down the average earning for almost all sectors across the board.
Wages stagnating and decreasing while housing cost going up. Oh jee... we don't learn easy lessons.
But it's certainly possible to move into a $700 a month apartment and save $1000 a month.
The term slumming it was pun.
originally posted by: alishainwonderland
a reply to: onequestion
I feel ya. I live in Denver and it is outrageous here. In 2008, I moved into a two bedroom apartment for $750 a month. Those same two bedroom apartments, now 7 years older are $1700 a month and wages have not gone up much at all since then!
I own a business and have never struggled as much as I have in the past year and a half or so. And I have NO debt. No mortgage, no credit cards, car is paid off, etc. No debt and I still am just doggie paddling.
I've been waiting for the bubble to pop though. I kept saying that even if I have to wait 5 years, I refuse to buy a house in this economy. So when it does, I will be ready to swoop in!
Until then, I will be increasingly angry with Denver and our crazy economy.
originally posted by: spirit_horse
I also wonder on the CT side of me if this isn't a plan to force the NWO in when everyone is so desperate that they will accept anything to put food on the table.
originally posted by: BELIEVERpriest
originally posted by: onequestion
a reply to: alishainwonderland
Its crazy isnt it. It seems like their trying to push out the middle class...
BINGO!!!
You can't destroy a super-power without taking out the middle class first. The government wants us totally dependent on them: for housing, food, medical, thought, and potty breaks. With bubble after bubble, our economy is boiling away, and with it, the middle class evaporates.
originally posted by: marg6043
a reply to: onequestion
The bubble burse in 2008, but it never went away, is not that it's a new one forming but that the last one is been inflated since 2008.
All the subs and small business contractors are still barely surviving or are just now starting to pick back up in the last few months.