Tuesday, September 06, 2005

All I can say is it is about freakin time.

Here in the land where cost of living beats pay scale, I’m glad to see that things may level off. It seems funny to me that folks in Florida build houses like crazy and then wonder why the place is so crowded. If you are recently retired from your city job in Yonkers and have the choice between your ranch 1960s two bedroom house or a nice beach front home in Florida, where are you going to live? Of course, you sell your dump for half a million and buy something nice in Florida for half that. Well the problem comes in for those of us who live and work in this state where 30 grand a year is considered upper middle class. We can not afford the mortgage on a house that is a quarter of a million dollars, let a lone a half million. So inevitably the market here will level off, because people who live and work here can not afford to buy homes here. That sort of inflated system can only maintain itself for so long.

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