"We Can Work Here, We Just Can't Live Here"

Isn't it interesting that after years of runaway increases, and now that a crisis is upon the masses, the local governments are scrambling for solutions. Washington Post, "Researchers predict that within two years, the county's median annual household income, now $84,000, will not be enough to support the purchase of at least half the previously occupied townhouses on the market."

I guess it had to get silly before our "leaders" woke up. "Francisco Javier, a Montgomery firefighter said. 'It's kind of ridiculous, We can work here in the fire department. We just can't live here.'"

I doubt there is anything local or state governments can do. The bubble must be deflated, but the Federal government is not in the mood. In the meantime we will hear lots of schemes to "fix" the housing prices. "'This is why affordable housing has got to be on anyone's short list of major challenges to Montgomery County's future,' said Derick Berlage, chairman of the county's planning board."