Beet
Atlas Star
Posts: 29,029
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« Reply #1 on: April 09, 2012, 12:05:52 PM » |
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At least housing prices are still falling in California. They've been rising in Washington DC, the only major market to do so. I heard a report that in the past 3 months, there has been a 5% appreciation in my metro area. 5% of $400,000 is $20,000. That's more than I make in 3 months. That means, if I'm saving for a house, 3 months' of my work is just gone. This isn't like inflation where "wah wah my fixed income and savings isn't keeping up with 3% inflation, so I lost 2%". It isn't like taxes "wah wah why do I have to pay a third of my money to the gov't". No. This is all of it. I didn't net a single cent for that three months of work. The money is just out the window. I worked for nothing.
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