[lbo-talk] subprime suburbs

joanna 123hop at comcast.net
Fri Mar 23 13:57:58 PDT 2007



>
>Here in the U.S., the ratio of average house prices to average
>incomes hit a record in early 2006. They've come off the peaks, but
>not by much. Which is the good news here?
>
The only thing I can think of is that if you bought a house thirty years ago and you;re ready to retire, you can sell the bitch and have a much cushier retirement than you might have had otherwise.

Joanna



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