Thursday, February 16, 2006

The Collapsing Bubble

There seems to be agreement that the real estate bubble is collapsing. Here's an interesting site:
How Much Real Estate Can a Salary Buy? - New York Times

Factoids--in the DC area the percentage of income went from 17 to 24 from the late 90's to now. In upstate New York cities the percentage is still around 10 percent.

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