More disturbing statistics...
- To: domesteading at bootstrap dot sculptors dot com
- Subject: More disturbing statistics...
- From: Patrick Salsbury <salsbury at sculptors dot com>
- Date: Fri, 14 Jul 2000 00:22:41 -0700
Or perhaps promising statistics, if you consider that we hope to build
I just heard on NPR today that California's statewide median price for a new
house is roughly $260,000, and that in the SF Bay Area, it's more like
$430,000 or so. (Might be higher, I'm not sure.)
They apparently have an "affordable housing index", measuring how many families
can afford to purchase a new house. Last year in May, it was 37%, and this
year, it's fallen to 29%, in the SF Bay Area.
Even more disturbing, the index is 10% in San Francisco, itself. Meaning that
90% of the people living in San Francisco cannot afford to buy a new house at
the current rates.
Affordable housing, anyone?
(Renting in the Santa Cruz Mountains, which is the most affordable area in the
SF Bay Area. Getting what I think is a good deal for here, but which is
ludicrous for anywhere else. But living in a dome, which is definitely worth
something. ;^) )
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