LA Wages Lag Housing Prices
It seems the wages of some renters aren't moving up, so they move out. "Victor Romero had to ditch his $1,100-a-month Hollywood apartment because his rent kept rising while his pay of $24.50 an hour stayed flat." LA Times
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole. ATTENTION: Backup Blog at: http://thehousingbubble2.blogspot.com/
Monday, April 11, 2005
Previous Posts
- Seattle FHLB A "Ticking Time Bomb"
- Letter To Editor: Greenspan Could Have Warned
- Sacramento Area Slows
- Schedule Note
- What A Million Bucks Will Get You In Hollywood
- Lots Of Noise, No Action In Washington
- "We Can Work Here, We Just Can't Live Here"
- China Stops The Housing Bubble In It's Tracks
- Home Loan Disaster Looming
- Realtor Bubble In California
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- San Diego Real Estate Chrono-Collapsometer
- Bay Area Housing Crash Continues
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1 Comments:
hmmm, in the heartland, QuadCities, Ia., before 2001 it seemed to me there were never any significant number of houses for rent available at any price, suddenly over the last few years, there are countless houses available at all ranges of prices. The $700 to $900 per month houses are the most numerous, and a suprisingly consistant, but small number of homes in the $1000 to $1200 per mo. range, a price range that was never very common in the past. Perhaps the same thing is happening here? As I try and rent a $400 to $600 house they are all snatched up almost immediately, while the higher priced ones are advertised for much longer periods of time.
Hmm come to think of it, when I was looking to buy, the same thing was happening with the low end and high end priced homes.
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