This is a statement. NEW HOUSING VS.ECONOMIC TRENDS: who will be able to afford living in the american dream?
482166
If you really want to wow your teacher, look up the standard answer to this question.  It involves the number of hours worked and how much square feet of housing you can afford.  Over the long haul, you seem to get a lot more for your money.\n\nI personally just can't believe it, but all the math says it is very true.  I tend to think that the price of a home has gone up in terms of hours worked over the past few years.  Nobody I know is getting a 20% pay raise every year and they certainly are not spending 20% less in gas.  But interest rates are low, so you would think that would have an effect on the payment.  Ask your math teacher (cite it as an "interview" in your paper) if there is some miracle of finance that reduces your payment in spite of a 20% increase in what you borrow.  The answer is, "NO!"  If the price of a home goes up 20%, your payment will go up 20%, all else being equal.  A good thing to research would be how has a house payment changed over time.  But see, everything else changes too (like the value of a dollar, interest rates, what kind of house you get) so this is actually a very difficult thing to track.\n\nI think for these kinds of papers, though, you want to pick a side of the debate and stick to just that side.
1010693
Well now let's see.  Plight is an interesting word.  Like the American middle class is somehow poor or oppressed.  Your typical American middle class person potentially has their own house... almost certainly their own car... access to 3 square meals a day, and reasonable opportunity for betterment through education and hard work.\n\nI think other people are envious of the middle class American.  That's why they come here.  From all over the world.
220831
New home building will start to slack as higher interest rates take some people out of the housing market. Rentals will increase as young couples are forced to rent rather then buy.
925398
The 2 are not compatible. Know your economics. In high job rate and income areas, that means the standard of living is high and therefore the cost of living is likewise. It is like taxes, the more you earn, the more you pay, and the opposite, the less you earn, the less you pay.Look for a state where jobs are in great demand by employers willing to pay high wages for workers and is at the beginning a potential boom cycle that costs to live have not as yet risen.
622864
I think he means "living"\n\nDespite the cost of living, _living_ remains popular.\n\nSounds like a case of wit to me... a foreign language not spoken by the yahoo answers crowd...
469697
Strangely enough, it's not a certain investment that will reverse the trend of the current middle class economic condition.  It's a change in spending habits and debt.  We are a country in massive debt working to pay back credit card and lending companies.  All we would have to do is change the way, and frequency, in which we spend and the middle class would once again grow and be strong.
457763
One has a very bright future in Interior Designing,because in coming future population will increase and for that people will need more houses,if not more houses then more ways to accommodate more people.... means one has to be really very skilled in this sense.. one will have a blooming future and u will b minting money in the coming time.... Best of Luck.
147337
i would suggest using www.homefair.com.   they provide info on cost of living comparisions and school comparisions.  For example if you make 30k where you live it may tell you you need 35 in your new city to be at the same level
463182
That depends a lot on where you want to live.  Here in Southern CA, I don't think it will.  First of all, LA & San Diego are slowing due to the latest fed hike in interest rates.  But, because the demand is so much larger than the supply, the pressure for new, affordable homes is still strong.  Unfortunately, with the median price of a home at around $550,000, the income necessary to support monthly mortgage payments is above what most in the middle class make right now.  \n\nBut, you are starting to see some slowing and stagnation in less desirable markets.  That is where "the bubble" will burst, first.  Places like Cleveland, Louisville, Nashville, St. Louis, etc.  Watch as the interest rates go up, more houses will dump on the market because people with variable rates cannot afford the increases monthly.
1029043
impossible to do.  There are too many factors to deal with.  First problem what is the cost of housing compared to the suroundings because families with school age kids can't afford high cost housing and will move to cheaper neighborhoods while you will get a few you will get more with lower home cost.  How is the neighborhood in terms of zoning new developments to poor schools will get less families than those zoned to better schools.  Take Reno, NV huge construction boom almost a zero student growth because the median home price is up to $330,000 most families can't afford that it is usually upgrades and transplanted retires from other states.  Of course the year before huge student growth.  There is no magic formula you can predict there will be growth but it comes down to cost of homes and jobs for the parents and that is just the tip of the iceberg.
458396
Our economy today is much more globalized.  I think that it is promising that more and more people own homes.  Home owners behave differently then renters in general.  They take more pride in their community and contribute more, thus helping the economy as a whole.  Besides, our population is still growing.  There are more people in the USA now then there were 10 years ago.  They have to live somewhere.  \n\nThe FED began to see what they called "frothiness" in the housing market and it is ONE of the reasons that they increased interest rates.  To slow the housing market.  The main reason was to control inflation and slow the economy, but housing was a concern.\n\nOur markets are safe for now.  It would take more than too many houses to bring it down.  Good question tho.
1076130
I would say live in a low cost area if it's accessible to your job, is safe for your family, etc. The less you pay for rent/mortgage, the more you can pay on your other bills... just my opinion. :)
1120306
You're absolutely right.  I saw some stats the other day that showed the developments in earnings for the rich, middle class and working poor and the income for the middle class group and the working poor have decreased, whereas the rich got richer. Thanks to everyone who voted for Bush and a republican congress.\nHow this happened: Long story. Lots of factors figure into it, but put simply, the fed lowered the interest rates which allowed more people to go out and get cheaper home mortgages. The real estate people jumped on it and said to people: Look, you can jack up the sales price for your home by x % because the buyers can get a bigger loan now that the interest rates are low. So one seller does it, the neighbor then jacks up the price a little more because they have a "comparative" number. ... people went for it. Interest rates dropped and dropped and the prices went up and up.\nNow, the interest rates are going back up and nobody wants to sell at a loss, so those people who bought their homes at high prices and have to sell are beginning to have difficulty selling or have to sell at a lower price. The realtors are trying to keep the prices high because they're making a killing off of this market. Builders are making a killing also because they benefit in the same fashion. They are competing against existing home owners by selling crappy built, but new, homes for the same price as a private homeowner and still make a fortune. \nThis will probably continue for a couple more years and as the rates continue to go up, a lot of people will get hurt. The foreclosure rates are already at their highest point in 6 years. People will be forced to rent, but rental rates are going up like crazy because no landlord wants to take a loss, esp not if they bought at a high price.\nThis is a capitalist society and unfortunately few people care what happens to others (dog eat dog mentality). So if you're in a low wage field, you probably suffer the most. I think it'll get a lot worse before it gets better. If we get the democrats next, they'll raise taxes but wages will not keep up. We're in a no-win situation. Think hard about who you vote for next time.
805521
The overall numbers suggest that home sales are up and prices have lowered.\n\nThis is due to the high number of sales in the southern region at lower prices.\n\nThis did not occur in the northeast where homes are more expensive and fewer sales were made.\n\nTherefore, the reported numbers are skewed and do not accurately represent the overall trend.
572312
Americans are a very diverse group of people.  Some live paycheck to paycheck.  Others save varying amounts.  Still others live off of debt from credit cards and home loans.  Their income levels don't really have a lot to do with it.  It has more to do with their values.  I know wealthy 2-income families that live paycheck to paycheck, and I know poor people making minimum wage that save something each week.\n\nOn average, it doesn't look like Americans save very much at all (I think the stats show we are one of the worst in the world), but there are two factors that confuse this measurement.  First, there are a large number of savers in this country, but there are also a large number of 'negative savers' (debtors) who balance them out.  Secondly, Americans have reaped the benefits of increasing asset values, both in stocks and real estate lately, so while their active savings may not have risen, their savings portfolios have grown during this period.  It's just that less is coming out of the paychecks.
757873
GVA Marquette Advisors is the company that does detailed studies of the area you refer to. "Apartment Trends" is a quarterly publication they publish that has detailed info. I would suggest contacting them to ask if they have a current edition and where it is available. Their info. is more detailed and current than US Census data I saw for 2005.\n\nhttp://www.gvamarquetteadvisors.com/site/in.htm\nMinneapolis/St. Paul\n\n333 South 7th Street,\n\nSuite 2300\nMinneapolis, MN 55402\nPhone: 612-335-8888\nFax: 612-334-3022
284579
Everyone has the expense of housing.  Depending on circumstances such as employment, schooling, etc., one must decide either to rent or buy.  The Los Angeles market is extremely inflated, so purchasing properties these days is not a popular option.